Alert Life Financial is one of Southern Ontario’s leading financial security advisors. We specialize in providing affordable insurance & financial consultation which protect the hard-earned assets of our customers.
The first step is to determine if you are eligible for the program. You are eligible if you are a Canadian citizen or permanent resident, and have resided in Ontario for at least six months. You must also be under 65 years old and not already receiving benefits from another province or territory of Canada.
The second step is to determine your level of impairment, which is based on a medical assessment performed by a qualified medical practitioner who has been approved by the Ministry of Health and Long-Term Care, who assesses your physical or mental condition and assigns it a rating from 0% to 100%.
The third step is to apply for coverage through your employer’s plan (if applicable), an individual policy, or through the social insurance program. If a person does not have coverage, or their coverage will be cut off at the end of the year, they can pay the premium each month until they are approved for benefits and then there is a waiting period before receiving any benefits.The first step in being eligible for Ontario Disability Insurance is to have resided in Canada for at least six months
Disability Insurance in Canada is designed to provide financial protection against the loss of income due to an inability to work.
The benefits of Disability Insurance in Canada include:
– Protection against the loss of income due to disability,
– Income replacement for you and your family,
– Having a plan for your future,
– Peace of mind knowing that you are covered.
There are many different types of life insurance plans available in Toronto. The most popular among them are Term Life Insurance, Whole Life Insurance, Universal Life Insurance and Guaranteed Investment Certificates.
Term life insurance:
Term life insurance is a type of life insurance that covers you for a specific period of time. It is the cheapest type of life insurance and it is also the most common type.
Whole life insurance:
This type of plan provides coverage for your entire lifetime and it does not expire with the death of an insured person. This plan is more expensive than term life but offers more coverage too.
Universal Life Insurance: Universal Life Insurance provides coverage for your entire lifetime as well as death benefits to your beneficiaries in case you die during the term period covered
A Registered Retirement Savings Plan (RRSP) is an account that you can contribute to in order to save for retirement. It is a type of registered account that allows you to defer tax on the contributions and earnings until withdrawal and there are no taxes on the investment income earned.
A Registered Education Savings Plan (RESP) is a financial vehicle which allows parents and grandparents to save money for their children’s or grandchildren’s education after high school.
There are many benefits of travel insurance. For example, it covers you in case you get stranded or have to cancel your trip because of an emergency, and it covers you if your luggage gets lost or stolen.
Travel insurance also includes medical coverage. If something happens and you need emergency medical attention while traveling, the insurance will cover the cost of a visit to a doctor or hospital.
Another benefit is that travel insurance can cover your belongings if they were damaged during transit. This is especially helpful when traveling with expensive electronics.
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