Personal Income Replacement

Often overlooked is the necessity for income replacement in the case of disability. On-going mortgage payments, monthly bills, credit card payments, loan payments, and household needs do not go away when you are disabled. Disability comes in many forms, primarily from sickness or accidents. Many people automatically relate disability to accidents only. However, the mass majority of incidents result from sickness, so it is important to have coverage for both occasions.

The amount of coverage should directly relate to your income necessity on a monthly basis. When coverage commences and how long it pays can be determined with individual consideration to your personal needs. Also, many features are offered as options in addition to the base coverage.

Personal consultation with Professional Advisor is strongly recommended due to the complexities of the contracts and features available.

Key people within a business are your most valuable assets. Income loss to the business due to a disability can be significant, if not very harmful to continued success. Several products which are available that can alleviate these concerns include:

Key-Man Disability coverage - this coverage allows for a replacement to be implemented, trained and integrated without the usual financial burden.

Disability Buy-Out coverage - in the case of prolonged or permanent disability, this product provides a lump sum payment to the disabled individual to buy out his/her interest in the business.

Personal Income Replacement - Often overlooked is the necessity for income replacement in the case of disability. On-going mortgage payments, monthly bills, credit card payments, loan payments, and household needs do not go away when you are disabled. Disability comes in many forms, primarily from sickness or accidents. Many people automatically relate disability to accidents only. However, the mass majority of incidents result from sickness, so it is important to have coverage for both occasions.

The amount of coverage should directly relate to your income necessity on a monthly basis. When coverage commences and how long it pays can be determined with individual consideration to your personal needs. Also, many additional features are offered as options to the base coverage.

Personal consultation with Professional Advisor is strongly recommended due to the complexities of the contracts and features available.

In the case of a critical illness such as cancer, stroke, heart attack, or coronary artery disease, etc., products exist to provide money when it is needed most. Critical Illness insurance provides a lump sum payment to the insured upon the onset of the above and numerous other conditions. Amount of coverage, optional benefits and features are personally chosen by the consumer to match his/her individual needs.

Having the financial ability to access the best medical care is becoming vital in personal security planning. Benefits also offer the ability for lifestyle adaptation and continuation.

Personal Income Replacement - Often overlooked is the necessity for income replacement in the case of disability. On going mortgage payments, monthly bills, credit card payments, loan payments, and household needs do not go away when disabled. Disability comes in many forms primarily from sickness or accidents. Many people automatically relate disability to accidents only however, the mass majority of incidents result from sickness. It is important to have coverage for both occasions.

The amount of coverage should directly relate to your income necessity on a monthly basis. When coverage commences and how long it pays can be determined with individual consideration to your personal needs. Also, many features are offered as options in addition to the base coverage.

Personal consultation with Professional Advisor is strongly recommended due to the complexities of the contracts and features available.

Critical Illness Insurance - in the case of a critical illness such as cancer, stroke, heart attack, or coronary artery disease, etc., products exist to provide money when it is needed most. Critical Illness insurance provides a lump sum payment to the insured upon the onset of the above and numerous other conditions. Amount of coverage, optional benefits and features are personally chosen by the consumer to match his/her individual needs.

Having the financial ability to access the best medical care is becoming vital in personal security planning. Benefits also offer the ability for lifestyle adaptation and continuation.

Long Term Care - People are living longer than ever. Medical advances have increased life expectancy considerably.

Many people fear they'll outlive their assets and are concerned about becoming a burden on family when they can no longer take care of themselves. These concerns may become more complicated by the uncertainty associated with the ability of our government to provide affordable access to long term care.

Long term care policies typically provide a daily benefit amount to address these concerns. To collect benefits, the insured must be a resident in a long term care facility and suffer the loss of ability to perform the essential activities of daily, living such as bathing, eating, dressing, toileting and transferring.

Private long-term care policies where recently introduced to Canada through Life Insurance Companies. Internationally, these policies have become very popular with consumers.