Insurance Services
Critical Illness
Do you have the resources to survive a critical illness such as Heart Attack, Stroke or Cancer? Surviving a Critical Illness or condition can turn your life upside down and it can affect you not only physically, and emotionally, but also financially. A new financial product is available; it provides a lump sum amount of tax-free cash 30 days after the diagnosis of a critical event, which can be used at the insured�s discretion. It can be used to purchase care from a private hospital in order to get better/faster treatment, or to modify your home, hire a nurse or housekeeper etc. Contact us if you would like more information.
Disability
If you became sick or hurt and you couldn�t work how long would it be before your current savings ran out and you needed to borrow money to maintain your lifestyle? Disability insurance protects your income in the event of a short or long term disability or sickness. All disability plans will pay according to the definition of disability in the contract. If you have a disability program in place what does your contract say? Are you covered for partial or total disability? Do you have to be off work continuously and consecutively to qualify?
Life Insurance
If you were to die prematurely, would someone you love be impacted financially? Life insurance is one of the most unselfish purchases you can make, as you will never reap the benefits. It will provide money to your chosen beneficiary to pay for last expenses (final tax return, funeral costs etc) and can provide a replacement income so as to not reduce your family�s current standard of living. Even though life insurance has been around for over 100 years it can be one of the most confusing and difficult purchases to make. Choosing the best policy will depend on how much you need and for how long. We can help you determine this, call us!
Mortgage Insurance
Do you currently have mortgage insurance at the bank? Did you know that you could potentially save money by having your own individual mortgage coverage? Also this insurance would be portable, so if you decided to move your mortgage to a new institution you would not have to re-qualify for new insurance.
Long Term Care
The Long Term Care Plan is designed to protect retirement income and assets from premature erosion due to the high costs associated with Long-Term Care (LTC). Without it, unexpected expenses can add up quickly, depleting savings, retirement funds and investments. The LTC plan provides a monthly benefit when an individual is functionally dependent. This means the insured is unable to perform any tow of the six Activities of Daily Living (eating, bathing, toileting, dressing, continence and transferring) or suffers from a cognitive impairment due to a disease such as Alzheimer�s. Private nursing homes cost $1,000 to $5,000 a month, or more. 24-hour in-home nursing can cost $122,000 a year while in-home visits by a registered nurse cost on average $25 an hour, and these are all after-tax dollars. When you think of the potentially crippling impact long-term care expenses might have on your assets, investigating coverage to protect yourself might just suddenly become a priority.
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