Life insurance policies offer financial protection to your loved ones when you pass away. But what happens if you become disabled in an accident or are diagnosed with a critical illness?
Living benefit plans are solution-focused insurance policies that offer financial benefits while you’re still living. A living benefit plan will cover unforeseen expenses and everyday bills if something happens to you.
Did you know…
In Canada, there are 29 long-term care beds per 1000 population aged 65 and older, this varies across provinces and territories. LEARN MORE
In 2021, it was estimated that 118,200 Canadian men and 110,900 Canadian women would be diagnosed with cancer. LEARN MORE
According to the 2017 Canadian Survey of Disability, more than 6 million Canadians aged 15 and over, identify as having a disability. LEARN MORE
Do you know anyone that’s been diagnosed and survived a critical illness such as cancer, heart attack or stroke? Critical Illness Insurance provides a “living benefit” should the insured be diagnosed and survive one of up to 26 different illnesses. If you had a 1 in 3 chance of claiming on a Critical Illness policy, would you be interested?
Critical Illness Insurance also provides a unique opportunity for small business owners. It can be structured to cover Office Overhead Expenses should the owner of a corporately owned policy be diagnosed with a critical illness.
Do you have group Long Term Disability (LTD) insurance through your employer? If not, you should be insuring your most valuable asset- your ability to earn a living! Even with a group Long Term Disability plan (LTD), you may be woefully underinsured due to group plan maximums. We can ensure that you have a top-up plan to insure your entire income, not just up to the maximum allowable on the group plan.
Who will pay you if you become disabled and unable to earn a living? Don’t merely rely on The Canada Pension Plan (CPP) disability benefit. You may or may not qualify for this monthly payment if you are under age 65 and have not made enough contributions to CPP. In addition, this benefit will only cover you if you have a mental or physical disability that prohibits you from any type of substantially gainful employment.
Have you considered the cost of obtaining long-term care in Canada? The private “resort” type facilities are not free, and government-run facilities often lack quality of care due to government budget cutbacks.
No one intends to become a burden to their family should their health fail, and they require ongoing, constant care. Long Term Care Insurance provides a safety net to provide you with the type of care you want and deserve.
