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Showing posts from November, 2022

More about Disability Insurance And How It Works

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If you are questioned ‘what is your most valuable asset?’, what would be the first thing that would come to your mind? Your answer might be a car or your home, or anything related to your property. But have you ever thought about your ability to earn a living? That is one of the most important matters that provides ultimate support to you and your family. In instances when one loses the capability to maintain regular earnings due to some critical illness or major accident, there arises a mode of supreme tension and one finds them self to be highly emotionally stressful. To tackle this sort of situation, you need to have an income protection scheme, that is, disability life insurance in Canada . What is disability insurance? It is a kind of insurance policy that starts working when you cannot. This becomes mainly applicable when a person suffers from some prolonged illness or major accident which is taking time to recover and may even take a year or more. In that case, it becomes diffic...
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Human life is full of uncertainties. A person enjoying his birthday party now does not even know what is going to happen to him at the very next moment. People work hard, earn ample amount of money and strive to make a better and more secure life. This can only be achieved with full dedication and hard work. They plan and work according to create a safe and secure future. But sometimes God has a different plan for each person. The most uncertain and unexpected incident occurs and everything takes a massive turnaround. An accident, be it a minor or a major one, can bring a significant change in one’s life. And most importantly, if the incident occurs to the earning member of the family, matters get even worse. It is the family who suffers the most as they have to spend a huge amount on the treatment and along with that the accident directly affects the income of the family. In some cases, the patient suffers for more than a year or becomes disabled to work any further in life, which res...

Importance Of Life Insurance In Canada

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Life Insurance has been one of the most common practices in this contemporary world. Over the past few decades, due the constructive development of this industry, many companies are coming up to provide a wide range of policies for the residents of the country. Don’t let this wide range of availability confuse you. In case you are in Canada, you may avail the best life insurance policies provided by the companies near you who will guide you in the best possible way. What is Life Insurance? Life Insurance is basically a bond made between the company and the policyholder which provides a lump sum amount of benefit to the beneficiary in case of death of the insured person within a certain period of time. Though it may not always happen in such a way and in that case the insured person will be receiving the exact amount paid as premium. How to purchase? To avail this service, you have to pay a certain amount as yearly premium to the corning company. In Canada, there are companies who are ...