May | 2018 | victorbarr54

Importance of Having Disability Insurance

As much as we wish we could see into the future and plan accordingly, we cannot. We must plan for the unexpected. We must take steps to ensure that we and our loved ones will be provided for no matter what happens next in our lives. Accidents happen more than we like to acknowledge, and it is in our best interest to plan for the worst. One of the best ways to do this is to purchase disability insurance. Read below to find out what disability insurance is and why it is so important to purchase.

Disability insurance is just what it sounds like: insurance that covers loss of income in the unfortunate event of an accident or illness that leaves you disabled and unable to work. According to recent statistics, 1 out of 3 Canadians will be out of work due to a chronic illness or an accident for more than a 90 day period of time before they reach the age of 65. it is important to get informed and learn as much as you can about the different types of disability insurance.

There are group disability insurance policies provided through your employer, or individual policies you can purchase that cover disability arising from accidents or illness.

Each disability insurance policy varies greatly. There are short term policies, long term policies, low-cost policies, high-cost policies, and more. It is important to choose the policy that is best for you and your particular needs, whether they be long term or short term. If you have a larger family to provide for, you may want to consider a disability insurance policy that takes that into consideration. Costs of insurance policies also vary depending on what exactly you are looking to purchase.

With the knowledge of what disability insurance is, you are likely asking yourself if you really need to purchase it. The fact of the matter is, if you are currently employed, it is wise to purchase disability insurance to ensure yourself peace of mind. Having income replacement of income insurance will put yourself and your family in a more secure financial position no matter what the future holds. If you are unable to work due to an injury or illness, your family will still be provided for on some level with disability insurance.

Investing in disability insurance is especially important to consider if you are the main income provider. Your goal should be to have yourself covered with adequate disability insurance in order to ensure an income for your family no matter what the future holds. It is wise to protect yourself financially with disability insurance to make sure that there will not be added fiscal stress if you find yourself disabled due to an accident. Take the time to explore all the options and make a decision today to move forward with investing in your own disability insurance policy. We are here to answer any questions you may have about finding the right disability insurance policy for your specific circumstance. Give our professionals a call today.

Himelfarb Proszanski

21 Simcoe St S

Oshawa ON L1H 4G1

info@himpro.ca

(289) 634-5554

http://himpro.ca

When Should You Hire a Personal Injury Lawyer

Many people suffer from personal injuries each year. Because of that, many personal injury cases are opened. If you have been a victim of an injury that was another person’s fault, you are able to initiate a personal injury lawsuit. Doing so means that you are likely fighting for compensation due to the incident. But most people do not know how to navigate the legal system on their own. There is a lot of paperwork that needs to be filed, so hiring a personal injury lawyer is always the best route to take. A personal injury lawyer will be the victim’s voice during the legal process, helping him or her to fight for what he or she is owed. If you are considering opening a similar case, this article will help you get through the process of hiring a lawyer. Here are a few things that personal injury lawyers are responsible for:

1. Fighting for compensation.

Due to the nature of personal injuries, there may be a lot of money involved. Victims need an adequate amount of money to cover their recovery and possible time off work, so personal injury lawyers are responsible for making sure their clients are adequately compensated for everything that needs to be covered.

2. Giving legal advice.

Needless to say, personal injury lawyers are responsible for giving legal advice. They will advise you about when to speak and when to stay quiet. They will walk you through all the paperwork and legal processes that can be quite tedious.

3. Informing you of your rights.

If you have not gone to law school, chances are, you are unaware of how far your rights reach. A personal injury lawyer will help you fight for what is rightfully yours, and steer you away from what you should not be reaching for. Without knowing your rights, you will be unable to fight for fair compensation.

4. Gathering relevant evidence.

Personal injury lawyers are in charge of collecting relevant evidence . This can mean interviewing witnesses and collecting enough medical and other pertinent records. Having somebody walk alongside you and take care of the dirty work can be very helpful, especially if you are injured.

5. Showing personal support.

Personal injury lawyers know their field well. They are aware of the psychological, physical, and emotional effects of an injury and can provide resources to help you heal in all of these areas. It is difficult to know where to start in the healing process, so having a lawyer there to guide you and point you in the right direction (whether it is a psychiatrist or a physical therapist) can be very helpful.

With all the above information in mind, make sure you find a personal injury lawyer with the experience, efficiency, and work ethic to complete all of their responsibilities. Your comfort level with your lawyer is also important because it will allow you to be honest and open with your lawyer.