Long-term disability insurance benefits law in Canada?

In: Mortgage Life Insurance

8 Sep 2010



My dad suffered from a major stroke when he was 35. That was 23 years ago and, because of the insurance company’s policy, the benefits that he gets now reflect his non-adjusted for inflation salary of 1987. This regulation was likely designed with older people in mind.

Is there a law that governs whether long-term disability recipients receive inflation-adjusted benefits in Canada, or does it solely depend on the insurance company’s policy? Is it likely that a new bill regulating inflation-adjusted insurance benefits can be passed?
Sam D. that has to be the worst non-spam answer ever posted on this website.

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