Critical Illness Insurance

A survey of Canadians across the country shows a disconnect between the likelihood of a critical illness and planning for the financial implications such an illness could bring to the average Canadian family. 

According to the survey,

Based on the above, more than half of Canadians are concerned about what may happen financially in the event of a critical illness. Despite the concern, three out of four Canadians are not physically, financially and emotionally prepared for a critical illness in the family.

As your financial advisors we are here to help secure your financial well-being and help you to plan for your future. If you are looking for additional protection on top of life insurance, Critical Illness Insurance is one of the things we suggest.

What is Critical Illness Insurance? This form of insurance pays out a lump sum cash payment should the insured be diagnosed with a critical illness. The money could then be used to help cover the costs associated with a life-altering illness, or replace lost income or any number of things.

Why consider Critical Illness Insurance?

• Can help to reduce the stress a serious illness can take on your mental, physical and financial well-being.
• The lump sum payout could be used for costs of living expenses including paying your mortgage or day to day bills.
• It could help you to maintain your independence by assisting in the payment of treatments or services not covered by your typical heath care plan.

What is covered? Critical Illness Insurance, although it differs from plan to plan, typically covers up to 24 various illnesses and conditions including;

• Cancer
• Heart Attack
• Stroke
• Blindness
• Alzheimer's
• Multiple Sclerosis
• Organ Transplants
• Kidney Failure
• Paralysis

Note: Coverage may also vary according to the degree of severity of, or conditions associated with, your illness or disease.

If you have never considered Critical Illness Insurance before, the time is now. Don't fall into the same gap that 50% of your fellow Canadians have. 

We want to help. Contact us today for more information or a quote.

Visit criticaluncovered.ca and take the quiz to see how your readiness stacks up.

Physical and Financial Health

A healthy life, helps for a healthy wallet.

Eating well can boost your overall health and help you feel your best. When you feel your best, it is reflected in all aspects of your life, and yes that includes your financial health.

Building a healthy lifestyle into your financial plan is important for everyone, whether you are retired or still working. We would like to highlight the importance of a healthy lifestyle and it's overall impact on your financial health.

By working to maintain a healthy lifestyle it can help reduce the possibility of needing to reach into your own pocket to cover medical expenses that are not covered by a benefits plan. Extending a healthy lifestyle into the workplace, and into your home, can help boost your overall performance. Good nutrition and a healthy active lifestyle, can make you feel more energized, which can help relieve stress and improve cognitive functions. In feeling more alert and energized, you are also more likely to make better financial decisions.

To help you get started on boosting your overall health, our in-house nutrition guru Taylor Gray suggests taking these steps towards building a healthier lifestyle. 

1. Pledge to make a small, nourishing change and stick with it, one meal at a time.
2. Make your goals S.M.A.R.T.
3. Post your healthy eating goals in the kitchen and at your desk to keep healthy eating top of mind.
4. Monitor your progress with a food diary or an app like eaTracker so you can stay on track.
5. Share your goals. Enlist your family and friends to support, not sabotage, your new habits.

 Starting improving your overall health today.

Follow and 'like' us on Facebook to read all of Taylor's tips and see how we are implementing them in our office!