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Posts from the ‘Critical Illness Insurance’ Category

20
Jul

Critical Illness for Juveniles

Many people recognize the need for Critical Illness insurance to protect them from the financial risk that could result if diagnosed with a life threatening illness.  Although a difficult subject to think about, children should also be protected from this risk as well.  If our children were to become ill the emotional and financial toll it could have on the family may equal that of the parent.

Juvenile Critical Illness provides options:

  • To find and provide the best treatment and care for your child.  Often, treatment can be very expensive, especially if the best available is outside of Canada.  Most parents would not spare any expense of this nature when it comes to their children and having tax free funds for this purpose could be life-saving; Read more »
22
Oct

If you had a crippling accident or were diagnosed with a critical illness tomorrow, would your family be able to cope?

by Julie Cazzin, for Money Sense

Ten years ago, Janet Freedman was rushing out the door of her home for work. Her arms loaded with tax returns, she missed a step on the stairs on her front porch and fell, hitting her head on the concrete. When her neighbours found her, she was barely conscious, with her head trapped between her own front steps and those of the house next door.

Paralyzed, with a partially severed spinal cord, it took more than six months of hospitalization and two years of intensive physiotherapy for Freedman to resume her life. She was unable to work and had no one to support her. “Thank goodness I had a good private disability insurance plan,” says Freedman, a certified financial planner and author of Hit by an Iceberg: Coping with Disability in Mid-Career. “Those payments allowed me to concentrate on my rehabilitation and to live my life without worrying about where the money was coming from for daily living expenses. That made a big difference to me and my recovery.”

Click here to read more.

©iStockphoto.com/acilo
24
Sep

Brenda’s Story – Critical Illness Insurance

19
Mar

Planning For Critical Illness Can Save Your Life

You’ve worked hard and planned for an enjoyable retirement. But what will happen if you have a heart attack or stroke, or are diagnosed with cancer? How will it affect your lifestyle, your savings, your family and future?

Cancer, heart attacks and strokes are more common than we like to think. While our chances for recovery are good, the associated costs can be high. Out of pocket medical expenses and associated costs can add up to hundreds of thousands of dollars.

If you have to sell investments prematurely or stop investing in order to manage recovery costs, your portfolio and future plans may never recover. So is there a solution? Read more »