Disability insurance lawyer Toronto

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DISABILITY INSURANCE LAWYER TORONTO
CONTACT TONY LAFAZANIS
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WHAT IS DISABILITY INSURANCE?
Disability insurance is a type of insurance that
is intended to protect, or replace your earnings
when a disability prevents you from working.
Policies can be purchased on behalf of a group of
employees, by your employer, or individually,
direct from an insurer. A disability can be
caused by anything. Included are an accident,
illness, sickness, physical or mental health
symptoms.
DIFFERENT TYPES OF DISABILITY INSURANCE

1. Short- Term Disability Insurance
2. Long-Term Disability Insurance
3. Critical Illness Insurance
4. Canada Pension Plan (CPP) disability benefits
5. Ontario Disability Support Program (ODSP)
6. Employment Insurance (EI) program
7. Mortgage or Credit Insurance

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SHORT-TERM DISABILITY INSURANCE
Short term disability (STD) insurance is a type
of financial benefit that pays a percentage of an
employees salary for a specified amount of time.
The amount of benefits as well as the duration
for these benefits varies based on the disability
plan.
LONG-TERM DISABILITY INSURANCE
Long term disability (LTD) insurance protects an
employee from loss of income in the event they
are unable to work due to injury, illness or
accident for a period of time beyond STD or
Employment Insurance Sick Benefits. LTD insurance
is usually provided to the employees by their
employers as part of the employee benefits
package. If the employer does not offer LTD
insurance or if the employee desired additional
coverage, they have the option of purchasing LTD
insurance from an insurance agent.
CRITICAL ILLNESS INSURANCE
Critical Illness insurance covers individuals
against life altering illness such as cancer,
stroke and heart disease. This type of insurance
is intended to provide a lump-sum cash payment to
help with the medical costs.
Canada Pension Plan (CPP) disability benefits
CPP disability is the largest long term
disability insurance program in Canada
administered by the Federal Government. CPP
provides disability benefits to people who have
made enough contributions to the CPP and who are
disabled and cannot work at any job on a regular
basis. Benefits may also be available to their
dependent children. To qualify for a disability
benefit under the CPP, a disability must be both
severe and prolonged, and it must prevent you
from being able to work at any job on a regular
basis.
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Ontario Disability Support Program (ODSP)
The Ontario Disability Support Program is a
government-funded last resort income support paid
for qualifying residents in the province of
Ontario, Canada, who are above the age of 18.You
may be eligible for the Ontario Disability
Support Program (ODSP) which offers 1) financial
assistance to help you and your family with
essential living expenses 2) benefits, for you
and your family, including prescription drugs and
vision care 3) help finding and keeping a job,
and advancing your career
Employment Insurance (EI) program
The EI Sickness program offers temporary
financial assistance to unemployed workers. If
you are unable to work because of sickness,
injury or quarantine, you could be eligible to
receive up to a maximum of 15 weeks of EI
sickness benefits. To become eligible you must be
employed in insurable employment, your income
must be reduced by 40 and you must have
accumulated at least 600 hours of insurable
employment during the qualifying period.
Mortgage or Credit Insurance
Your mortgage or credit card insurance may
include disability coverage. The exact coverage
varies widely on the type of insurance purchased.
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How Can Tony Lafazanis Help?
The policies can be complicated to understand.
Tony Lafazanis can provide you a free evaluation
of your policy and how it may apply to your
disability. The insurer may not always accept
your claim for disability benefits. Tony
Lafazanis has represented clients with all types
of disability claims. He has the experience to
settle your claim, often with a lump sum tax-free
settlement. Limitations may apply. If a claim is
not filed in Court within 2 years of the
insurers initial denial of your claim, your
right to make that claim may be lost. Do not
delay.
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CONTACT TONY LAFAZANIS
Address493 Parliament Street, Suite 201,
Toronto, ON, M4X 1P3 Business HoursMonday
Friday 9am 5pm Phone Number 416 979 1770 Toll
free 1 888 979 1770 Fax [phone] Email
tony_at_tonylafazanis.com
Website
http//www.tonylafazanis.com/areas-of-practice/dis
ability-benefits-claims-lawyer-toronto/
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