Your Personal Injury Lawyers
Call 1-888-404-5167
Preszler Injury Lawyers

What Should I Look for in Long-Term Disability Insurance?

If you are interested in purchasing an insurance policy to cover a portion of your regular salary should you become unable to work due to a medical diagnosis, you may be overwhelmed by the many different plans and options available to you When choosing between different long-term disability insurance plans two major factors to consider are the type of coverage the plan provides, and the monetary value of benefits it may supply.

The type of disability insurance coverage offered to eligible policyholders varies between insurance companies. Many insurance policies provide long-term disability benefits to policyholders who, due to a serious illness, physical injury, or mental condition, are unable to perform the duties of their current job for an extended period of time. That said, certain policies only allow individuals to collect benefits if their medical condition prevents them from working in any job, including positions unrelated to their current occupation.

In many instances, eligibility requirements for long-term disability coverage may be adjusted after a recipient collects benefits payments for more than two years. In these cases, in order to continue receiving benefits, an individual whose condition prevents them from performing the duties of their current job may need to prove that their medical condition prohibits them from returning to the workforce in any capacity.

Review the Amount of Coverage Provided by Long-Term Disability Policies

When selecting an insurance policy, reviewing the monetary values of coverage offered through each policy may help you make a decision. In Canada, most long-term disability plans provide eligible recipients with 60-70% of their normal wages. However, some policies offer significantly smaller amounts.

Additionally, many plans place a cap on the amount of benefits you may be able to receive. That means that, depending on your salary, even if the plan promises to cover 70% of your pay, if that number exceeds the policy’s payment cap, you may not receive the full percentage.

To determine if an insurance policy will provide you and your family with sufficient benefits payments should a medical diagnosis prevent you from earning a living for a significant period of time, calculating your household’s monthly expenses may be helpful. If the policy will not provide you with the funds you require to cover your monthly expenses, it may not be the right policy for you.

Policy Exclusions for Pre-Existing Conditions

If you have a pre-existing medical condition, before purchasing an insurance policy, you may wish to review the policy’s exclusion clauses regarding long-term disability benefits.

Many insurance companies have exclusion clauses for pre-existing conditions. Full exclusion clauses allow insurance providers to deny claims for long-term disability benefits for any medical condition caused by a policyholder’s pre-existing condition, regardless of how long they’ve paid into their policy. Generally, policies that include a full exclusion clause provide a list of conditions that they will not cover, such as diabetes or cancer.

Some insurance policies may include only a limited exclusion clause for pre-existing conditions, meaning that depending on the length of time policyholders have paid into their plans, they may eventually become eligible to receive long-term disability benefits for medical diagnoses related to their pre-existing conditions. However, in these cases, policyholders with pre-existing conditions may have to wait several years before qualifying for long-term disability benefits.

Contact Preszler Injury Lawyers with Questions

If you’re having difficulty deciding which insurance policy will be best for you, Preszler Injury Lawyers may be able to offer useful advice and assistance. To discuss the difference between claims, or ask questions about your specific circumstances, call Preszler Injury Lawyers today 1-800-JUSTICE.

Call us now at

151 Eglinton Ave W,
Toronto, ON
M4R 1A6
Fax: 1-855-364-7027
Toll Free: 1-888-608-2111
4145 N Service Rd
Burlington, ON
L7L 4X6
Fax: 1-855-364-7027
Toll Free: 1-888-608-2111
2 County Ct Blvd #400,
Brampton, ON
L6W 3W8
Fax: 1-855-364-7027
Toll Free: 1-888-608-2111
105 Consumers Drive
Whitby, ON
L1N 1C4
Fax: 1-855-364-7027
Toll Free: 1-888-608-2111
92 Caplan Ave #121,
Barrie, ON
L4N 0Z7
Fax: 1-855-364-7027
Toll Free: 1-888-608-2111
380 Wellington St Tower B, 6th Floor,
London, ON
N6A 5B5
Toll Free: 1-888-608-2111
2233 Argentia Rd Suite 302,
East Tower Mississauga, ON
L5N 6A6
Toll Free: 1-888-608-2111
1 Hunter St E,
Hamilton, ON
L8N 3W1
Fax: 1-855-364-7027
Toll Free: 1-888-608-2111
459 George St N,
Peterborough, ON
K9H 3R9
Fax: 1-855-364-7027
Toll Free: 1-888-608-2111
22 Frederick Street,
Suite 700
Kitchener, ON N2H 6M6
Fax: 1-855-364-7027
Toll Free: 1-888-608-2111
116 Lisgar Street, Suite 300
Ottawa ON
K2P 0C2
Toll Free: 1-888-608-2111
10 Milner Business Ct #300,
Scarborough, ON
M1B 3C6
Toll Free: 1-888-608-2111
*consultation offices

DISCLAIMER: Please be advised that the header image and other images throughout this website may include both lawyer and non-lawyer/paralegal employees of Preszler Injury Lawyers and DPJP Professional Corporation and unrelated third parties. Our spokesperson John Fraser, or any other non-lawyer/paralegals in our marketing is not to be construed in any way as misleading to the public. Our marketing efforts are not intended to suggest qualitative superiority to other lawyers, paralegals or law firms in any way. Any questions regarding the usage of non-lawyers in our legal marketing or otherwise can be directed to our management team. Please also note that past results are not indicative of future results and that each case is unique and that case results listed on site are from experiences across Canada and are not specific to any province. Please be advised that some of the content on this website may be out of date. None of the content is intended to act as legal advice as each situation is independent and unique and requires individual legal advice from a licensed lawyer or paralegal. For legal advice on your individual situation – we can provide legal guidance after you have contacted our firm and we have established a lawyer-client relationship contractually. Maximum contingency fee charged is 33%. Finally, our usage of awards and logos for awards does not suggest qualitative superiority to other lawyers, paralegals or law firms. All awards received from third party organizations have been done so through their own reasonable evaluative process and do not include any payment for these awards except for the use of the award logos for our marketing assets. We are also proud to service additional provinces like Alberta, British Columbia and Nova Scotia.