Protect Your Future

Critical illness, Income Protection & Emergency Fund

"A Prudent man foresees evil and hides himself, But the simple pass on and are punished." - Proverbs 22:3

But if anyone does not provide for his own, and especially for those of his household, he has denied the faith and is worse than an unbeliever" - 1 Timothy 5:8

Ensure that you have 3 to 6 months of income that is earning a modest interest rate. A low interest line of credit can used as a last resort.

How well you plan for your future, determines how prepared you are to handle and recover from a Personal Financial Crisis, and how well you can provide for your family.

There are Three Principle Causes of Personal Financial Crisis, and proper planning can reduce their financial impact

Disability due to accident or illness:

Protection for this pays your income or the amount coverage you choose; two options are available: coverage for accident only or for both accident & illness

In Canada, over the period 1996 to 2008 an average of slightly less than one million occupational injury claims have been reported each year by provincial or territorial

Protection over this pays your income or the amount overage you choose; two options are available: coverage for the accident only for both accident and illness

Critical illness:

- 60,000 Canadian's will suffer a heart attack & 1 in 10 people will survive

- 50,000 Canadian's will have a stroke, 41% men, 59% women, and 8% will survive.

229,200 Canadian's will be diagnosed with cancer; and 64% are expected to survive.

Critical illness coverage provides lumps payment after the diagnosis & survival for 30-days of one or more of the illnesses or medical conditions specified in your policy

Long-term care needs:

Long-term care (LTC): Protection for this provides coverage in the event of illness or disability where one is unable to care for oneself and require daily medical attention for life.

58.6% of peoples over the age of 65 will require LTC during their life time.

20% of today's 85-years-old will need care for more than 5 years

Prepare

How prepared is your family for a long-term care situation? Do you have enough money saved up?
Do you have proper coverage in place? There are those who will commit to working 8-per day, take care of loved ones requiring long-term care for 8-hrs and then sleeping for 8-hrs.
This schedule can be very taxing on the body, however, it does not account for the extra 16-hrs.