Living Benefits

The greatest asset most of us possess is our ability to earn an income. Why not insure such a valuable asset, which is worth much more than your car, house and jewelry all put together? Also ask yourself how long your portfolio would last if you needed to create a lifetime income. A disability insurance policy will provide a tax-free income stream to replace your future earnings.

Disability insurance:

• Replaces your income in the event of sickness or disability
• Ensures that you continue to earn an income even after you are unable to work
• Ensures that your family’s standard of living and lifestyle are not interrupted

What are the chances that you might develop life-threatening cancer or suffer a heart attack? If either of those occurs, your finances will be put to the test; your family may need to leave work to care for you, or you may decide to seek expensive private care. In any event, critical illness insurance provides a lump sum that you can use to combat any one of up to 22 specified conditions, or in any other way that you see fit.

Critical illness insurance:

• Pays a lump sum when you are diagnosed with one of a number of prescribed illnesses and conditions
• Offers proceeds that allow you to travel for the best care and/or allow your family to take the time from work to be with you

With advancing medical breakthroughs, there is a greater chance than ever that we will grow very old. With old age comes a strong possibility that we may not be able to care for ourselves. Many people will require special care, either from a specialized individual who visits you, or in a special care facility.

Long-term care insurance:

• Covers the cost of care, either at home or in a facility
• Ensures that you do not deplete your retirement savings to support your health care needs
• Ensures that the burden of your care doesn’t fall to your family