Q. At age 35, how long will an average disability in Canada last if it's over 90 days?

The correct answer is:

3.1 Years

 

It's 3.1 years according to publications 1985 Commissioner's Individual Disability Table and CIA 86-92 Aggregate Mortality Table.

 

Because this is just an average, a long term disability (LTD) can be have a shorter length of time or even last several more years!

 

Most employer LTD plans stop paying benefits after 2 years!

 

Most work group plans stop paying you benefits after 2 years if you are still disabled but able to work in another job or field, even if it is completely unrelated to your profession or area of expertise.

 

Tip of the week:

 

Most employees who have coverage at work are inadequately protected from most disabilities!

 

What will be the source of income after 2 years if you are still disabled? You can purchase a private disability plan that eliminates any 2 year limitations and restrictions. To save money, purchase a personal disability plan that starts after 2 years of disability and continues to pay through to age 65.

 

Next page >

 

Go to question #4.

 

 

 

Click a link below to jump to another related article:

 

Learn more about life insurance.

 

Learn more about critical illness insurance.

 

Learn more about disability insurance.