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Melissa Carroll


Have You Insured Your Ability To Earn An Income?


Why Purchase A Long Term Disability (LTD) Policy?

Who would pay your mortgage, rent, car payments or other bills if you became disabled and unable to work? Sadly, many people think ‘it won’t happen to me’ or ‘I’m too young to worry about that’ and don’t think about insuring their ability to earn an income until it’s too late. What if we told you that your likelihood of disability is much higher than death as a result of an illness or injury. Would that inspire you to proactively protect your greatest asset…yourself?

Is My LTD Policy Portable?

This is a very common question and it’s important to mention that a personal LTD policy is portable. You own it. This means that once approved, you can take it with you, even when changing employers or occupations. You also may have the option to convert your existing group LTD policy to a personal plan should you ever part ways with your existing employer.

Are You Eligible To Purchase An LTD Policy?

Whether you are 25 or 55, have existing group coverage, or no health insurance at all, you should be investing in an LTD policy to insure your ability to earn an income. Or perhaps you already have LTD coverage through a group benefits plan but are unknowingly under-insured. You too could also benefit from investing in a policy that will top up your coverage.

If you’re thinking ‘I already have a pre-existing condition’, we’re here to tell you to not count yourself out just yet. Policies can be fully underwritten at time of application to confirm your eligibly should you ever need to submit a claim. We can tailor an LTD policy to fit your budget and your needs, some LTD coverage is better than no LTD coverage when you are unable to work.

I’m Covered Through EI If I Need To Go Off Work

In lots of cases this is true, but you should also know that if you are approved for EI, you are covered for up to 15 weeks at 55% of your income (to a maximum income of $53,100 effective January 2019). But what if you were still unable to return to work? With an LTD policy in place, it would kick in after your EI benefits were exhausted and cover you for a longer term.

Like your car insurance, we hope that you never have to submit a claim as that will mean that you are healthy and never sustain an injury that leaves you disabled.  But we also hope that proactively insuring your ability to maintain an income in the event of illness or injury, will leave you with an unwavering peace of mind.


Melissa Carroll

Melissa has over 17 years of experience in the insurance industry working in administration, and became licensed in 2008. She is responsible for all aspects of individual insurance for HMA, and is LLQP (Life License Qualification Program) certified. Melissa also enjoys travelling when possible, and has future plans to buy a home in the Caribbean.
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