Disability Income Protection Insurance (cont'd)
from http://www.lifehealthinsurance.ca
When you apply for disability income protection insurance, you'll want to know how much monthly benefit is available to you. There are a number of factors that determine the monthly benefit you are eligible to purchase, such as your current income, occupation and age.
You will also have to consider the length of time your benefits will be paid in case of a disability. Most plans offer several maximum benefit periods to choose from. The maximum benefit period is the maximum length of time that benefits could be payable for any one disability. For instance, you can choose a disability policy that provides monthly income benefits for two years, five years, until you reach the ages of 65 or 70.
Contact us. We can help you plan for what the future may bring.