Medical, Critical Illness, Disability, Long Term Care Insurances - Insufin Inc.
Medical Insurance
You know there are gaps in your provincial health insurance coverage and you also know that your provincial health insurance plan doesn't fully cover many every day medical expenses like dental services, prescription drugs, prescription eyewear and more. These out-of-pocket expenses tend to add up quickly. You know that if an accident or illness were to occur, the additional health care expenses could leave you financially vulnerable. Just imagine how costly it would be if an unexpected health problem occurred.
Critical illness insurance main features:
- Critical illness insurance* provides for a lump-sum payment, while the insured person is still alive, following diagnosis of any of the critical illnesses specified in the contract.
- Coverage from $25,000 to $2000,000 with 3 illnesses up to 31 illnesses.
- The following are the most commonly covered critical illnesses and surgical procedures:
Heart attacks, strokes, heart surgery, cancer, kidney failure, organ transplants, paralysis, multiple sclerosis, blindness, deafness, coma, Parkinson's disease, and Alzheimer's disease.
- If no benefits have been paid or if the death is due to another cause, premiums may be refunded upon contract maturity.
- Critical illness insurance may be sold on its own or combined with other types of life and health insurance, or sold as part of a product that combines a lump-sum payment in the event of a critical illness with the payment of a sum upon death. In this case, the amount of the benefit paid upon diagnosis of the critical illness is deducted from the sum paid upon death, as the case may be.
Disability Insurance
There are three major types of disability coverage or disability definitions:
1. Own occupation: Under this type of plan, if because of a sickness or injury you can not perform in your occupation, you will be considered totally disabled, even if you choose to do something else. In fact, most people prefer to go back to work in another field, allowing them to get the monthly checks from their disability insurance and earning another source of income.
2. Any occupation: Which would stipulate that you are unable to perform any occupation? Under this plan once you have applied for the claim and start receiving monthly checks from the insurance company, then you cannot go back to work, or earn another source of income. If you choose to work, you can be penalized and your policy can be terminated.
3. Residual disability: What happens if an insured is only 'partially' disabled?
Long-term care essential to retirement plan
If you fall within the Baby-Boomer or Gen X groups, you'll count among 9.8 million senior citizens by 2036, according to Statistics Canada. And if you're currently between the ages of 40 and 60, you've started planning for retirement by putting money away in an RSP or pension.
For some, this is the extent of their planning. Not many people consider what might happen if they become sick with a chronic illness. Current research shows that chronic illnesses like Alzheimer's will be become more prevalent over the next 30 years. In fact the Alzheimer Society of Canada predicts that 1.2 million Canadians will suffer from dementia by 2038, which means that the need for long-term care services will increase. Currently, assisted living services can cost up to $50,000 a year. In the next 20 to 30 years, it's expected that the need and cost for these types of facilities will increase substantially.🌡️⛑️🌟
🟢Toronto office: 905-370-0011
🟢Toll free (North America): 1.866.400.4751
🟢Email: [email protected]
🟢Website: https://www.insufin.com
🟢Facebook: Facebook: insufin
🟢Instagram: Instagram: insufin
🟢Bio: https://lnk.bio/insufin
My honesty is more important than my income☂️
#MedicalInsurance #HealthAndWellBeing #GiftOfProtection #SafetyNet #LivingYourBestLife #ComprehensiveHealthPlans #SpecializedCoverage #TapestryOfChoices #QualityHealthcare #BestTreatments #SupportInChallenges #PowerOfPrevention #EarlyDetectionMatters #WellnessJourney #HealthIsWealth #TransformativeExpedition #BrighterFuture #AccessToHealthcare #LivingHealthy #MapToWellness #HealthTreasure
You know there are gaps in your provincial health insurance coverage and you also know that your provincial health insurance plan doesn't fully cover many every day medical expenses like dental services, prescription drugs, prescription eyewear and more. These out-of-pocket expenses tend to add up quickly. You know that if an accident or illness were to occur, the additional health care expenses could leave you financially vulnerable. Just imagine how costly it would be if an unexpected health problem occurred.
Critical illness insurance main features:
- Critical illness insurance* provides for a lump-sum payment, while the insured person is still alive, following diagnosis of any of the critical illnesses specified in the contract.
- Coverage from $25,000 to $2000,000 with 3 illnesses up to 31 illnesses.
- The following are the most commonly covered critical illnesses and surgical procedures:
Heart attacks, strokes, heart surgery, cancer, kidney failure, organ transplants, paralysis, multiple sclerosis, blindness, deafness, coma, Parkinson's disease, and Alzheimer's disease.
- If no benefits have been paid or if the death is due to another cause, premiums may be refunded upon contract maturity.
- Critical illness insurance may be sold on its own or combined with other types of life and health insurance, or sold as part of a product that combines a lump-sum payment in the event of a critical illness with the payment of a sum upon death. In this case, the amount of the benefit paid upon diagnosis of the critical illness is deducted from the sum paid upon death, as the case may be.
Disability Insurance
There are three major types of disability coverage or disability definitions:
1. Own occupation: Under this type of plan, if because of a sickness or injury you can not perform in your occupation, you will be considered totally disabled, even if you choose to do something else. In fact, most people prefer to go back to work in another field, allowing them to get the monthly checks from their disability insurance and earning another source of income.
2. Any occupation: Which would stipulate that you are unable to perform any occupation? Under this plan once you have applied for the claim and start receiving monthly checks from the insurance company, then you cannot go back to work, or earn another source of income. If you choose to work, you can be penalized and your policy can be terminated.
3. Residual disability: What happens if an insured is only 'partially' disabled?
Long-term care essential to retirement plan
If you fall within the Baby-Boomer or Gen X groups, you'll count among 9.8 million senior citizens by 2036, according to Statistics Canada. And if you're currently between the ages of 40 and 60, you've started planning for retirement by putting money away in an RSP or pension.
For some, this is the extent of their planning. Not many people consider what might happen if they become sick with a chronic illness. Current research shows that chronic illnesses like Alzheimer's will be become more prevalent over the next 30 years. In fact the Alzheimer Society of Canada predicts that 1.2 million Canadians will suffer from dementia by 2038, which means that the need for long-term care services will increase. Currently, assisted living services can cost up to $50,000 a year. In the next 20 to 30 years, it's expected that the need and cost for these types of facilities will increase substantially.🌡️⛑️🌟
🟢Toronto office: 905-370-0011
🟢Toll free (North America): 1.866.400.4751
🟢Email: [email protected]
🟢Website: https://www.insufin.com
🟢Facebook: Facebook: insufin
🟢Instagram: Instagram: insufin
🟢Bio: https://lnk.bio/insufin
My honesty is more important than my income☂️
#MedicalInsurance #HealthAndWellBeing #GiftOfProtection #SafetyNet #LivingYourBestLife #ComprehensiveHealthPlans #SpecializedCoverage #TapestryOfChoices #QualityHealthcare #BestTreatments #SupportInChallenges #PowerOfPrevention #EarlyDetectionMatters #WellnessJourney #HealthIsWealth #TransformativeExpedition #BrighterFuture #AccessToHealthcare #LivingHealthy #MapToWellness #HealthTreasure
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