Critical Illness & Disability Insurance

Critical Illness Insurance:
Whether you want to buy a house, take a trip around the world or start a family, your life goals are important to you. The financial repercussions of a loss of income due to an illness can be very stressful and affect your ability to meet your financial commitments and goals. Because you can’t anticipate an illness, critical illness insurance can give you peace of mind and allow you to concentrate on getting better.
Having financial assistance in the event of a serious illness provides you with security that allows you to focus 100% on your recovery, without worrying about your financial commitments or goals.

Disability Insurance:

Disability Insurance offers you a simple, affordable way to provide an income should a disability prevent you from working.
Disability Insurance will pay a portion or your full income in the case that you are diagnosed with illness or have been subject to an accident rendering you unable to work due to disability. Such an insurance coverage is important since most people do not have emergency saving to survive even after a short spell without income. The chances of being victim to disability may seem very remote, especially if you are young and health and have a relatively low risk job. But according to the Council for Disability Awareness, more than one in four 20 year old will experience some form of disability before they retire.

Why should you consider a personal disability insurance plan?
-Worker’s Compensation only covers work related accidents.
-Unemployment insurance only covers 15 weeks.
-Canada Pension Plan: Are you comfortable relying on the government for a 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.