Protect Your Income When Life Takes an Unexpected Turn
Your ability to earn an income is likely your most valuable financial asset. A serious illness or injury can put that income on hold at the exact moment your expenses climb, from treatment costs to time away from work. Without the right coverage, many families are forced to dip into retirement savings or take on debt just to stay afloat.
Living benefits are designed to prevent that. Critical illness and disability insurance give you financial support while you’re still here to need it, so you can focus on recovery instead of the bills. My role is to help you understand where your current coverage falls short and build protection that keeps your plans on track.
Types of Living Benefits Coverage
Each type of coverage protects you in a different way. Here’s how they compare.
Critical Illness Insurance
A one-time, lump-sum payment if you’re diagnosed with a covered condition such as cancer, heart attack or stroke. You can use the money however you choose, whether that’s covering treatment, replacing lost income, paying down your mortgage or simply giving yourself time to heal.
Disability Insurance
Monthly income replacement if illness or injury prevents you from working. Disability coverage is especially important for business owners, self-employed professionals and anyone whose group benefits are limited. Unlike workplace plans, an individual policy stays with you if you change jobs.
Health & Dental Coverage
Personal health and dental plans for people without group benefits, including the self-employed, early retirees and those between jobs. Coverage can help with prescription drugs, dental care, vision and paramedical services like physiotherapy, so routine costs never catch you off guard.
Part of a Bigger Picture
Coverage That Protects Everything You’re Building
Living benefits don’t just protect you during a health crisis. They protect every other part of your financial plan. Without them, a serious illness can force you to cash in investments at the wrong time, pause your RRSP contributions or put your children’s RESP on hold.
Because I advise on both insurance and investments, I can make sure your coverage is sized to protect the savings and goals we’re building together. That way, a setback with your health doesn’t become a setback for your family’s future.