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Home Financial Health Blog Archive for category "Protect your income and your family" (Page 2)

Protect your income and your family

Everything can change in an instant

It can’t happen to me.  Can it?  I recently attended a talk by a gentleman who, while driving with his wife on some country roads, was broadsided by another car that went through a stop sign. Many of his bones were broken and he had extensive internal injuries such that he was not expected toRead More…

 

Travelling? Don’t leave home without this…

Did you know that a four-day stay in a U.S. hospital for an appendectomy could cost $39,400* (USD), with only $1,600 (CAD) covered by your OHIP. A one-day stay in a U.S. hospital for a broken arm and wrist could cost $32,600* (USD), with only $400 (CAD) covered by your OHIP. With travel insurance, you’llRead More…

 

Seven reasons to have your insurance coverage reviewed

You may be paying too much or for the wrong coverage if you haven’t reviewed your life insurance lately. Here are seven insurance opportunities that could provide you with lower rates, better coverage, benefits you can receive while you are alive, an inheritance for your family, and a lifelong retirement income: 1. As people areRead More…

 

Health insurance: Not covered by a company group plan?

Do you want the health benefit coverage the province doesn’t provide? If you are one of the millions of Canadians not fully covered by a group health plan, you are vulnerable to healthcare expenses not covered by your Government Health Insurance Plan. Overall healthcare funding is continually reassessed. As governments reduce coverage for some healthcareRead More…

 

What would happen if you couldn’t work?

Toronto freelance writer, Caroline Cakebread was in her early 30s when someone she knew had a terrible accident while hiking: A rock fell on his head and he lost the ability to walk and talk. “Not only was he in the hospital for months,” says Cakebread, “he was left permanently disabled and unable to work.”Read More…

 

What’s your probability of disability or critical illness before age 65?

Statistics show that workers between the ages of 35 and 65 are many times more likely to become disabled for an extended period than they are to die. For example, for a 45-year-old female the probability of becoming disabled before age 65 is 31%, her probability of being stricken with a critical illness is 17%Read More…

 

Can getting sick trigger a financial crisis?

Despite all we know and love about Canada’s health care system, the answer is yes. The 2013 Sun Life Canadian Health IndexTM explains. Among Canadians who have received a serious health diagnosis, or who have had a bad accident, 40% said the experience caused them some degree of “financial hardship.” According to the 2013 SunRead More…

 

CBC Marketplace on the perils of mortgage insurance

This CBC Marketplace segment explains how the banks push to get you to sign up for mortgage insurance with unclear questions that may leave you without the coverage that you thought you had.  It cites examples of people who became ill or passed away and whose benefit claims were denied by the insurance company.  WithRead More…

 

How much (and which) insurance do you need?

As you age and your circumstances change, your need for different types and amounts of insurance changes. For example, over time the need for life insurance might decrease, while the need for critical illness insurance might increase. Use this simple, confidential calculator to complete an analysis of your life, disability and critical illness insurance needs.Read More…

 

A visa specifically designed to allow parents and grandparents to visit their families in Canada for longer periods

What is Super Visa? It is a new visa for parents and grandparents who want to visit their families in Canada for longer periods without having to renew their status. It allows holders to remain in Canada for up to 24 months at a time It allows multiple entries over a span of up toRead More…