Disclaimer: This article is only intended for educational purposes and shouldn’t be used as a substitute for legal advice.
If you ever find yourself in a situation where you require long-term disability insurance, you’ll be glad that you live in a country where you have this benefit, i.e. Canada. Employees who cannot work due to an accident, injury, or illness are eligible for financial help under this policy. Long-term disability (LTD) benefits, as the name suggests, last for a long time—up to several years.
Long-Term Disability Insurance
If an individual is unable to work for an extended length of time due to a sickness, an unfortunate accident, or any serious injury, long-term disability insurance provides financial assistance. It can help compensate 60 to 70% of the individual’s income while they are absent from work, providing a monthly income that is tax-free to cover your living expenses while you are unable to work.
Individuals and families may be eligible for various financial benefits and services through the Canada Pension Plan (CPP), including long-term disability benefits.
Those who have paid into the plan while employed and later became unable to work regularly due to a physical or mental injury are eligible for the disability benefit, i.e. a taxable monthly payment.
It is intended to replace the income that persons who have recently contributed to the Canada Pension Plan may lose as a result of losing their jobs. Children may be eligible for CPP disability benefits if at least one of their parents is.
There are no specific diseases or medical conditions that qualify someone for a CPP disability benefit, but rather their ability to return to work on an ongoing basis is considered.
What Qualifies as a Long Term Disability?
Here are some of the common illnesses and disabilities covered by long-term disability insurance.
- Stroke, heart disease, and cardiovascular disease
- Back and brain injuries like fractures.
- Psychosis resulting from a traumatic event
- Seizures
- Cancers
- Myelodysplastic syndrome (MDS).
- Anxiety, depression, bipolar illness.
- Crohn’s disease, irritable bowel syndrome, and colitis.
- Chronic fatigue syndrome.
Hire a Disability Lawyer
When you have just been disabled, it can be difficult to go through this process, as you must put your health and well-being first. It is best to employ a disability lawyer to handle your claim. Our team of disability lawyers is experienced and well-versed in handling your insurance claims for you.
For any advice related to long-term disability claims, Canada study visa, spouse open work permit Canada, contact the immigration lawyer consultants and book a free consultation with Nanda and Associate Lawyers.
