Any SZ that has this? @shutterbug maybe something you familiar with.
Yes, I do. I get paid 75% of my former income. The policy only lasts five years though so after that I either have to get a job or go on disability.
Generally familiar, but I’m not licensed for that type of insurance (I have a “General” license in five provinces). Mainly what I know is:
- It gets more expensive and less available as you age.
- Pre-existing medical conditions that could trigger the policy responding it are generally excluded.
- It might pay out well for up to five years, will likely flip to a lower disability amount after a small period of years, and generally discontinues entirely at retirement age.
No idea how this functions outside of Canada. We regard American insurance as very strange. Hope this is helpful?
This topic was automatically closed 14 days after the last reply. New replies are no longer allowed.