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Posts from the ‘Living Benefits’ Category

14
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 »
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21
Apr

Critical Illness: Are You Protected?

We all face many risks – contracting a critical Illness is one of them. Being diagnosed with a life threatening illness is not something one wants to contemplate however you can purchase Critical Illness Insurance to protect against the financial impact.


The Back Story

Critical Illness insurance was invented by Dr. Marius Barnard. Marius assisted his brother Dr. Christiaan Barnard in performing the first successful heart transplant in 1967 in South Africa. Through his years of dealing with cardiac patients, Marius observed that those patients that were better able to deal with the financial stress of their illness recovered more often and at much faster rate than those for whom money was an issue. He came to the conclusion that he, as a physician, could heal people, but only insurance companies could provide the necessary funds to create the environment that best promoted healing. As a result, he worked with South African insurance companies to issue the first critical illness policy in 1983. Read more »

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24
Sep

How Much Risk Can You Tolerate? Part 3 of 3

Over the past two months we have examined some of the risks that challenge most of us. It is almost impossible to avoid risk entirely. Knowing where the pitfalls lie and planning for them will certainly help. You might, however, want to consider shifting the risk to someone else, like a life insurance company. Life insurance companies are in the risk business and they have products and services that can assist you in dealing with risk. Some of these are as follows:

Read more »

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24
Sep

Brenda’s Story – Critical Illness Insurance

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12
Mar

Five Financial Products You Should Own

By Brenda Spiering, Editor, BrighterLife.ca

You don’t need to be born with a silver spoon in your mouth to build wealth. With the right products, you can grow and protect a healthy nest egg.

Here are five key financial products that should be part of your plan: Read more »

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1
Jan

Graduation is the Perfect Time to Consider Disability Insurance

As this year’s graduates cross the stage they’re filled with dreams of their bright futures.   Rightly so – they’ve worked hard to get to where they are.  They’re thinking of their careers, their earning potential and getting started on this business of life.

Now’s also the right time to think about protecting that income earning potential against injury or illness.  This is an excellent time for young professionals to consider disability insurance; here are just some of the reasons why:

  • Rates are low because they’re young and healthy
  • These rates are guaranteed for the duration of the plan on superior plans
  • Some carriers offer discounted rates to new grads.
  • Financial underwriting is a little more flexible since they don’t have a history of earnings.
  • Options are available to increase benefit amounts as their earnings increase.

For a graduate, starting out on a brilliant career, this is just another step in the process of establishing that bright future. If you consider their earning potential, doesn’t it make sense to insure it at the best rate possible?

©iStockphoto.com/Andresr
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