Do You Have a Disability Case?
delete
Elimination Periods in Short-Term and Long-Term Disability Insurance

Elimination Periods in Short-Term and Long-Term Disability Insurance

Most Policies Have An Elimination Period Most disability insurance policies have an elimination period, also known as a “waiting,” “deductible” or “qualifying” period that is defined as the time between the date of the onset of disability and the date you are eligible to receive disability benefits. For short-term claims, this period can range anywhere from zero days to 10 days or more. For long-term claims, this period may be 90 days, but can be longer or shorter depending on the policy. If short-term benefits are provided by the same...
delete
Can The Insurance Company Request to Review My Full Medical Records?

Can The Insurance Company Request to Review My Full Medical Records?

It is a common requirement for insurance companies to request medical information from claimants and their health-care providers to substantiate illness or injury-related claims before benefits are paid out. In your initial application for benefits, you were likely required to include medical records specifically addressing why your health condition prevents you from working. You may have even received requests for more detailed reports weeks or months after submitting the application, which you also complied with. Now, your insurer may be requesting your permission to...
delete
Structured vs. Lump-Sum Settlements

Structured vs. Lump-Sum Settlements

In personal injury cases when a final settlement is reached, generally speaking the case is settled by a lump-sum one-time payment. In certain circumstances, it may be possible to arrange to receive all, or part of the settlement proceeds through a Structured Settlement. Lump-Sum Settlements Where a lump sum payment is made, you would receive a cash payout on a one-time basis which would be tax-free, which is consistent with Canadian income tax laws at the present time.    A Structured Settlement provides for the settlement funds to be paid into an annuity contract with a...