Send us your questions and comments
Life Insurance
As a “general rule” a person should have insurance coverage 10 times their annual income.
Mortgage Insurance Alternatives
Mortgage Insurance does more to protect the lending institution than the person paying for the insurance. The lending institution is the beneficiary, not your family. We prefer the family as beneficiary. Let the family choose.
Disability Insurance
A person needs enough coverage that if they were injured and could not work tomorrow, they would have enough money coming in, without using their investments or savings, to pay all bills for at least 1 to 2 years.
Critical Illness Insurance
Based on current rates, 39% of Canadian women will develop cancer during their lifetime and 45% of men will develop cancer during their lifetime.* On average, 3200 Canadians are diagnosed with cancer every week.*
70,000 Canadians suffer heart attacks every year.**
80% of hospitalized heart attack victims survive the initial occurrence.**
85% of stroke patients survive the initial event.**
Most people could say that they know someone who is suffering from or has suffered from a critical condition or illness. The number of children contracting critical illness is increasing every year. By insuring children when they are young and healthy, they are guaranteed to be insurable when they are adults regardless of their health.
If a critical illness strikes, it usually means a loss or reduction to income and additional expenses. People are then faced with having to make up the shortfall by using their savings, liquidating their assets or even selling their house.
Long Term Care
Society now is known as the Sandwich Generation. The “Baby Boom” generation is looking after not only their children, in many cases, their aging parents. As the population ages, not only will this become more prevalent it will also become more expensive to receive quality health care. Do not rely on government pensions or social health programs to care for them in their later years.
Business Solutions
Small business owners now have more options to protect their business than ever before. Some of these are Disability and Sickness, Health and Dental, Key Man, Business Overhead, and Buy/Sell Agreements (for Business Partners).
Without adequate coverage in place, an incidence could be devastating to a small business and / or family.
*Source: Canadian Cancer Society- General Statistics for 2008
** Source: Heart and Stroke Foundation – General Statistics for 2001/2002