Comments on: Disability Insurance — Guest Post

By: Brian Poncelet

Brian Poncelet — Mon, 04 Oct 2010 08:54:09 +0000

One interesting cost for people in trades like construction, is workers compensation
(WSIB). The yearly cost is increasing every year yet benefits are not.

With your on plan costs are fixed. Plus if you get hurt outside work you are covered!

Brian

By: Disability Jobs

Disability Jobs — Thu, 02 Sep 2010 16:40:56 +0000

I think one of the issues is that disability insurance is a very high risk area, something most insurance companies dont want to be involved in.

By: Yolonda Ramseyer

Yolonda Ramseyer — Wed, 07 Apr 2010 16:56:52 +0000

There is Just that the RSS is not responding properly with my google chrome browser

By: Jess internet jobs

Jess internet jobs — Mon, 22 Feb 2010 07:00:48 +0000

This is really something I can understand. Thanks for the article I have subscribed to your rss.

By: BadGirl68

BadGirl68 — Fri, 23 Oct 2009 13:19:02 +0000

For a long moment we all just look at each other. ,

By: Brian Poncelet,CFP

Brian Poncelet,CFP — Fri, 23 Oct 2009 01:58:52 +0000

Hi Janice,

One idea if (if your company will pay for it) is to get group critical illness insurance. The amount generally is small about $25,000 to $50,000, but since there is no medical and everyone has to get it, you could be covered with no questions asked. This would not cover your MS but you could get covered for other things like cancer, stroke, etc. This is not perfect, but maybe not a bad solution.

Dianna, you can maybe able to get life insurance, yes you may be rated (higher costs). The key questions is is it progressive (getting worse) or Relapsing-Remitting. Feel free to drop me a line, I may or may not be able to help.

The Nortel people on disability unfortunately are in a bad spot. Generally get insurance while you are healthy. If you have a group plan get a plan with a two year waiting period this works out to be relatively cheaper as well. Ususally the insurance companies (group plans) get tougher to collect after that.

Ps. Gail, I still owe you some thoughts on permanent life insurance for you to review!

Cheers,

Brian

By: Maxx22

Maxx22 — Thu, 22 Oct 2009 15:51:18 +0000

Suppose, for instance, that you’re A neuroscientist who’s been successful in discovering exactly what goes on where in the brain when a certain kind of painful sensation is felt. ,

By: Dianna

Dianna — Tue, 15 Sep 2009 18:17:18 +0000

Hi Janice,

I have MS and cannot get any type of insurance. It is crazy. You’d think I could be insured for other conditions with MS as an exemption – but no such luck! The insurance I do have was acquired prior to my diagnosis. If you change jobs in future – you might want to enquire as to the group policy benefits prior to accepting an offer, however watch out for exclusions for pre-existing conditions.

Take care.

By: Janice Chadola

Janice Chadola — Tue, 15 Sep 2009 08:41:53 +0000

That last post should have my name as “Janice Chadola”

By: Janicelf?e Chadola

Janicelf?e Chadola — Tue, 15 Sep 2009 08:40:36 +0000

My employer does not have long term disability insurance as part of their benefit package. Because I have had hip surger, breast lumps removed, asthma, high blood pressure, etc. I generally do not qualify for individual long term disability insurance. I cannot imagine there is no insurer out there for people like myself with pre-existing conditions. what about people with MS? Are they completely out of luck? Is there some insurer out there that offers long term disability insurance for people like me?

By: Lisa

Lisa — Wed, 03 Jun 2009 18:46:57 +0000

I am applying for long term disability insurance through my professional organization. I have a history of depression and taking medication for depression. No hospitalization, no suicide attempts, nothing at all like that. Do you think there is any way I will qualify? Also, can I apply for LTD if I am self-employed? I have it now through my employer, but I recently started doing contract work in case I get laid off. I have a cancer policy and STD policy that are portable if I leave my job.

By: Long term disability insurance

Long term disability insurance — Fri, 06 Feb 2009 14:09:51 +0000

[...] Disability Insurance [...]

By: Brian Poncelet,CFP

Brian Poncelet,CFP — Mon, 05 Jan 2009 16:00:33 +0000

Hi Abbey,

My thinking is your friend may have accident only coverage (this means if she get sick she may not be covered) Without looking at the details it sounds too cheap for good coverage but I could be wrong. Remember if you pay less, usually you get less. The good thing is you are are in good health what you pay today will not increase in the future.

If you want, you can drop me a e-mail and I can give you my thoughts based on what you want the disability coverage to do ( the more details you give the better I can help). There is no cost for this and I will not try to sell you anything.

regards,

Brian

By: Abbey

Abbey — Mon, 05 Jan 2009 03:23:12 +0000

I am self employed for the last two years and thanks to Gail I have woken up to the fact I need disability insurance. My question is this why am I being quoted two hundred dollars a month while my friend (same age and job) is paying only 40$ a month? I understand it maybe due to the type of coverage she is asking for and when she got it. Is my quote out of line? I am 42, non smoker and normal weight and no health issues.
I feel like someone could could take me for a ride and I would have no idea….help please!!!

Thanks for the information and the blog on it!

By: netinsurancequote

netinsurancequote — Sat, 03 Jan 2009 07:56:07 +0000

Features of Disability Insurance,As for your eligibility, you have to have an income that you are insuring to get disability insurance,