Disability Insurance (Canadian)

canadian disability insurance

Definitions

Monthly net income Your monthly net income. This calculation is done on an individual basis. Do not include your spouse's income.

Current monthly expenses Your total monthly living expenses. Remember to include your home or rent payments, food, clothing, gas, phone and other monthly expenses.

Monthly expenses during disability Your monthly expenses while you are disabled. This amount is usually a little less than your original monthly expenses. The default value for this field is calculated as 70% of your current monthly expenses. You should keep in mind however, that many expenses such as your mortgage, rent, utilities and food will most likely remain the same as before you were disabled.

Length of disability The number of months you expect a disability will prevent you from working. A common mistake is to underestimate the time it ... http://auto-insurance.ucoz.com/news/canadian_disability_insurance/2013-06-23-4172