The Top 5 Things Vancouver Healthcare Practitioners Need to Know About Disability Insurance

As a health care practitioner you know first hand the impact of being injured or ill and not being able to work. You see it in your clients every day.

You understand the importance of disability insurance because you know if you can’t physically be at work, your pay cheque stops. But your bills keep coming.

Here are the top 5 things you need to know about your disability insurance as a healthcare practitioner

  1. You need to know the definition of disability in your contract. Not all definitions are the same and it’s crucial you know yours.
  2. You need to know how long will your benefits pay? If you can’t work indefinitely will your benefits stop after 2 years or 5 years or do they continue to pay until retirement at age 65?
  3. You need to know the term length. Does your cost of insurance go up? When and by how much?
  4. You need to know the waiting period. How long are you off work before the insurance company pays? Do you get a cheque after 30 days, 60 days, 90 days?
  5. Can you get more disability later when you’re making more money?

It is important that you talk to someone who can answer these questions for you.

Disability insurance is one of those things you need set up correctly at the beginning and we can help you with that.

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