According to a 2011 Health Survey, Published by Desjardins Financial Security (DFS)
As Canadians we are taking better care of our health, 70 per cent of those surveyed responded that they are making significant personal changes to lifestyle in order to be healthier. Unfortunately, even with significant changes in life style it is still impossible to prevent all critical illnesses. Statistics indicate that Canadians are more likely to experience a critical illness than they are to die before the age of 75. On a positive note, Canadians are confident of recovering from a critical illness; however we are not as positive when it comes to our financial stability in the event of a serious illness.
When we look at the numbers concerning Canadians financial health the percentage is flipped, 75 per cent have taken no steps to protect themselves in the event of a serious illness. Some employers do provide group coverage, in many cases these plans provide very basic coverage and may not be adequate to meet your needs. With increasing demands on our public health care system and with many service costs relating to the treatment and recovery from critical illness not being covered at all, personal critical illness insurance is vital. As an aging boomer myself approaching retirement, we need to ask our selves; If a Critical Illness should occur how financially vulnerable would I be? How would this financial burden affect my family’s life style? Do I have a plan? If the answer to any of these questions is no, we need to talk. With access to the best products and resources available in today’s market place, working together we will find a solution.
– M Dumond
We have the tools and experience to answer your questions and look after your needs.
Please call us at Strategic Investment Planning today, so we can start helping you tomorrow.