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Vistaplan Blog

Read the Vistaplan Financial Group blog: Universal Life Insurance, Term Insurance, Disability Insurance, Critical Illness Insurance, Super Visa Insurance.

Posted: 26 Jul '11

How to Choose a Good Disability Contract

How to Choose a Good Disability Contract

Most companies have 3 or 4 different disability insurance policies that they offer.  The occupation you are in will determine the type of disability contract you are eligible to get.  It all really comes down to risk.  The more risk in your occupation the higher your premium and the fewer benefits you can get.

Some of the occupations that insurance companies consider to be a higher risk include welders, sheet meet worker, packing or shipping clerk, power shovel operators.

On the other hand occupations that insurance companies offer more benefits to and consider these occupations to have less risk in them are doctors, accountants, manufacturing representatives, heating and air conditioning sales, office duties only, etc.

So when you’re looking for a good disability insurance contract you are looking for the best contract that can be issued to people in your occupation.  Always tell the agent what your occupation is and what you do in that occupation. This will determine your occupation class and from there you can start to look at the benefits you are eligible to receive.

Disability insurance is much more complicated than life insurance, so take some time learn what you are getting for your premiums, read the policy and understand how to collect before you get sick or injured. You don’t want to get sick only to find out that what you thought you were covered for is much different than the insurance companies plans to pay you for.

With disability insurance you will get what you pay for.  The cheapest plan likely has the least and poorest benefits.  Since this is your most important insurance, the protection of your income, take the time it will be well worth your while.


About the Author - David Motkoski

David Motkoski—At the Helm of Vistaplan Financial Group

The team at Vistaplan is led by David Motkoski, a well-respected insurance adviser to hundreds of business and individual clients. David has 30+ years of experience in this industry helping clients understand their life and disability insurance, office overhead, critical illness, long term care, and accident insurance. David’s focus has been medical doctors, dentists and business owners who are concerned with having the right coverage to provide for their family or business and protecting their income

David is an independent broker offering policies with Manulife, ivari and RBC to name a few. Vistaplan Financial Group has clients dating back to 1983 and they stay loyal with David because of the strong relationships he builds.