The lawyers at Aaron Waxman & Associates are experienced with Disability, Personal Injury and Employment claims.
According to a recent article by Financial Post, long-term care insurance is not popular in Canada, despite the presence of the Baby Boomer generation and the fact that 25% of Canadians will reach 65 by 2036.
Health problems develop with age, so why not purchase insurance for added protection?
The Canadian Life and Health Insurance Association found that 74% of Canadians had not considered long-term care planning in their retirement plan. Current attendant care and personal support worker rates are very high, and only limited services are available through public organizations.
Some people feel sheltered by our public healthcare system and do not realize that in the event of a critical illness or long-term disability, OHIP will not cover rehabilitation, therapy and personal support worker services.
Others feel that they are too young or do not need the protection of critical illness insurance or disability insurance. The reality is, illness or an accident can happen when you least expect it, and the best time to be rated for insurance is when you are young and healthy.
Long-term disability insurance pays a monthly benefit on an ongoing basis for as long as the insurance company finds the individual to meet the definition of “disabled”.
Critical illness insurance offers a one time lump sum payment if a person has been diagnosed with a critical illness including heart attack, stroke, certain cancers and other defined illnesses, once a survival period has been met.
A recent poll revealed that 3 out of 10 Canadians have not purchased life insurance and 6 out of 10 Canadians do not have critical illness protection.
If your claim for long-term disability benefits or critical illness protection has been denied, or a family member’s claim for life insurance benefits has been denied, do not hesitate to call the law firm of Aaron Waxman and Associates. We are experienced disability lawyers.
We offer a free, no obligation initial consultation.
* This blog is for informational purposes only and is not meant to substitute legal advice. Please read our disclaimer for further information.
* All of our lawyers are licensed by The Law Society of Upper Canada
* Office in Toronto and able to represent people in the province of Ontario