Critical Illness Insurance
Offers help paying costs associated with life-altering illnesses. If you become sick with an illness covered by your policy and survive with waiting period, you receive a lump sum cash payment – you decide how to spend the money.
Important to know
What am I covered for ?
- If you are wondering whether disability insurance or extended health care benefits through your employer are enough, it’s important to understand exactly what those benefits cover, and for how long.
- Review your disability policy or your extended health care benefits and compare this with the features of a critical illness insurance plan.
What should I look for then ?
Make sure you’re aware of the potential costs of care and recovery, or the kinds of changes you might have to make to your home or life following an illness. Will your benefits meet your needs, or will you have to rely on savings and investments to bridge any gaps?
With this information, you can make an informed decision:
- Maximum benefit amount
- Deductibles and waiting periods
- Employment stability (you can’t take benefits with you when you leave your job)
- What percentage of income will be replace, and for how long?
Disability Insurance
Your earning potential is a far more valuable asset than your automobile or your home.
Disability insurance is designed to protect you from the possible loss of income. What’s the possibility of this happening? It is more than you’d imagine. Why should you consider it? It is the only sure way to provide guaranteed coverage and guaranteed premiums. But what is the possibility of this happening?
Important to know
Why should you consider a personal disability insurance plan?
- Worker’s compensation only covers work related accidents. Unemployment insurance covers only 15 weeks.
- Are you comfortable relying on Canada Pension Plan, a government benefit that can change.
- Group and Association coverage can fill a valuable role in long-term disability protection. However, the benefit may be limited by the definition of disability and coverage amount.
- Remember, a custom designed individual disability insurance plan will provide you with guaranteed coverage and guaranteed premiums.
Other Insurances
MORTGAGE INSURANCE
TRAVEL INSURANCE
LIFE INSURANCE
Put Yourself & Your Family in Good Hands
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