Living Benefits

The lifestyle you and your family enjoy depends on your ability to earn an income.  Should an illness or accident happen leaving you unable to work it makes sense to protect your savings.  Your retirement and your children’s future education don’t need to be compromised if you can’t work.

Accidents and illnesses are a fact of life. They could happen to anyone at any time. Did you know that:

• 1 in 3 people, on average, will be disabled for 90 days or longer at least once before age 65.
• The average length of a disability that lasts over 90 days is 2.9 years.

Common reasons to consider disability insurance:

• You are the single or majority income earner in your family
• You can lose employer coverage if you leave your job

Government and employer benefits may not be enough especially if you are incurring extra costs because of your disability

Critical illness insurance is designed to provide you with a lump sum payment should you be diagnosed with a covered critical illness.  As medicine advances your chances of surviving a critical illness are greater all the time.  But how will you afford the best care possible when your income is on hold?  Costs may include private treatment, medicine and medical equipment.  Coverage for children is also available; maintaining your income while taking extra time off work is challenging should your child be diagnosed with a critical illness.

Insurance carriers have long lists of covered critical illnesses but here are some of the most common covered conditions:

• Life threatening cancer
• Multiple Sclerosis
• Parkinson’s Disease
• Stroke
• Coronary Artery Bypass
• Heart Attack
• Alzheimer’s Disease
• Paralysis

Reasons you may want to investigate critical illness coverage:

• You don’t feel you have adequate resources set aside to deal with a serious illness – for you, your spouse or your children.
• You are the primary or majority income earner and contracting an illness would take a large toll on your family’s lifestyle
• Someone close to you has suffered and you have seen their financial hardship first hand

At some point in life many people will require long term care, whether at home or in a long term care facility.  The level of care you receive greatly depends on how much you can afford.  Long Term Care Insurance can help preserve your savings while allowing you to receive the attentive care you require.

Long term care may include:

• nursing care
• rehabilitation and therapy
• personal care (help with activities of daily living like dressing, eating and bathing)
• homemaking services (meal preparation, cleaning, laundry)
• supervision by another person

Why you might consider long term care insurance:

• as medicine advances we are living longer than ever
• having private care or care at home is important to you
• you don’t want to physically or financially burden others with assisting your care