DISABILITY INSURANCE ADVISOR
MARKHAM

The first thing you need to do is decide whether you will take the long-term disability or the short-term one, according to your needs. You will also need to determine how much of your monthly wages you will replenish. This is usually 60-70 percent of the gross wages you had before developing the disability. Edward takes you through a list of possible add-ons (e.g. future income protection, partial disability benefits, cost-of-living adjustments), so that your policy best matches your professional situation, personal life, and financial condition.

After establishing your coverage framework, Edward provides a clear quote outlining your monthly premium expenses. Premium calculations consider multiple variables, including your age, current health condition, occupational risk factors, and selected coverage amounts. Edward guarantees complete cost transparency from the beginning, eliminating any hidden charges or unexpected expenses.

The application procedure requires completing essential documentation with Edward’s expert assistance. Depending on your coverage level and health circumstances, the insurance company may require medical evaluations or health questionnaires. High-risk occupations or substantial coverage amounts may necessitate additional underwriting procedures to assess your eligibility for coverage.

When you suffer a disability, you will have to wait out the elimination period before you start receiving the benefits. This period of waiting is 30-120 days, depending on the particular terms of your policy. Short-term policies usually have a shorter waiting period, whereas long-term plans have a longer waiting period to balance claim costs appropriately.

In case of illness or injury that causes you to be unable to work, you have to file a claim accompanied by medical evidence such as physician reports and functional testing. Edward is actively involved in the claims process; all paperwork is fully documented and properly structured so that there is no delay or processing difficulties.

After completing the elimination period, you begin receiving regular monthly payments representing a percentage of your pre-disability earnings as specified in your policy terms. These tax-free benefits help cover essential expenses, including mortgage payments, utility bills, groceries, and other living costs.

Insurance companies may request periodic health updates and reassess your work capacity throughout the claim duration. Edward provides ongoing support throughout this process, ensuring smooth operations and uninterrupted benefit maintenance while advocating on your behalf when necessary.

Benefits persist until specific conditions occur: your recovery and return to employment, maximum benefit period completion (typically continuing until age 65), or policy limit achievement. Edward maintains proactive communication during this entire process, assisting with coverage adjustments or extension applications as your situation evolves.