Life Insurance protects your most important asset – your income. Should you die tomorrow, would your family be able to maintain the same standard of living? This is an important question that many people do not answer truthfully. There are a number of solutions available in the marketplace and we will work with you to ensure you end up with the right coverage to fit your needs.
Mortgage Insurance is often recommended by banks when you sign your mortgage application. With Mortgage Insurance obtained from a bank, the policy is owned by the bank and coverage reduces with each mortgage payment yet the premiums remain the same. If you were to die, the insurance will pay off the outstanding mortgage debt to the bank; there will be no proceeds available for your loved ones.
Did you know that by purchasing a Life Insurance policy through an Independent Broker, such as CHRISTY INSURANCE AGENCIES LTD., you will not only see substantial savings in premiums, your coverage will not decrease and you will own the policy. In the event of your death, not only will your Life Insurance policy relieve the mortgage, it will often have proceeds left over for your loved ones. Life Insurance policies are ‘portable’ so there is no need to reapply for mortgage insurance should you need to obtain mortgage insurance again.
Similar to Life Insurance, Disability Insurance protects your earned income. Should you be unable to work due to an unforeseen illness or injury, owning a Disability policy will ensure you continue to receive an income alleviating concerns over financial obligations, such as monthly expenses, allowing you to focus on getting better.
Critical Illness Insurance provides a one-time lump-sum payment to an employee to help pay costs associated with a life-altering illness such as cancer, heart attack, or stroke. The odds of surviving a Critical Illness are better than ever thanks to medical advances, however, this health crisis can involve financial challenges such as expenses for home modifications, travel for treatment, and home care etc. The benefit proceeds of a Critical Illness policy can be used to cover any expenses arising from the illness or even fund a well-deserved vacation following your recovery.
Nearly one in three Canadians will require some form of Long Term Care before the end of their lives. As government home care services become more limited due to the increasing number of elderly Canadians, private Long Term Care Insurance is becoming more important to both the aging population and to caregivers that may find themselves in a position to be financially supportive of them. Long Term Care Insurance is insurance designed to help the insured provide for their own care as a result of a chronic illness, a disability, an accident, or a result of growing older. This coverage is not just for seniors as it may be required at any age. Long Term Care Insurance covers all of the expenses of long-term care, whether it is in your home or in a care facility.
While the provincial government offers a basic level of medical coverage, Individual Extended Health plans are designed to supplement the medical services and supplies that are not covered by the provincial plan. These can include eye exams, glasses or contacts, prescriptions, medical services such as physiotherapy, podiatrists, psychologists, chiropractors, and medical supplies.
Visiting your Dentist on a regular basis can become expensive with visits costing more than $100. Individual Dental plans can be designed to cover not just basic services but major services, such as crowns and root canals, and orthodontic coverage.
If you’re travelling outside of your province of residence or Canada, make sure you’re protected in the event of an unforeseen medical illness or injury. Medical care outside of Canada can be quite costly and it’s important you have a travel insurance policy in place.
Visit Best Quote Travel Insurance online at: http://www.bestquotetravelinsurance.ca/index
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