The people you care and love most will be able to continue to live a dignified life when they receive a tax-free payment upon your death. When considering the amount and type of coverage you need, I will work with you to discuss your current planning and circumstances. Crafting the right insurance solution (Term or Permanent Insurance) to meet your needs will depend on a variety of factors – including, but not limited to your short and long term goals, your age, gender, smoking status and lifestyle, as well as your cash flow.

Cancer, Heart Attack, Stroke – words we dread to hear! The good news is that medical care has allowed us to survive these illnesses that were once considered a death sentence. With survival, comes cost, and a critical illness policy will provide you with a lump sum payment to do the things you need to do to get better. You may take an extended period of time off of work, or hire a live in caregiver during your recovery period, and continue having to meet your financial responsibilities. These plans also provide you with the opportunity to receive all of the money you paid into your plan back, if you have never made a claim. Most Insurance companies offer critical illness policies that cover more than 20 illnesses!

You insure your home, your car, and your personal effects, but what about insuring You? If you became disabled due to illness, injury or a mental health issue, being insured to protect a portion of your income will allow you to focus on recovery, while continuing to meet your many financial obligations. According to a 2017 Canadian Survey on Disability, 22% of Canadians had at least one disability, representing 6.2 million people. The most common types of disability? Pain, Flexibility, Mobility and Mental Health related, all of which can be of short or long term duration.

Not all of us have the luxury of a robust group health plan! While most of us have provincial healthcare, it is often not extensive and likely does not cover costs related to prescription drugs, dental services, travel outside of Canada, and other specialized equipment that has been prescribed for your health condition. Such conditions may include acupuncture, physiotherapy, massage therapy, mobility equipment and the like. Even if you are otherwise uninsurable, there are guaranteed issue plans that can still provide you with suitable coverage to meet your needs. If you do not have group insurance coverage through your workplace, are self employed, working part time, or retired – I would encourage you to contact Krizal Financial Solutions to discuss your options.

Whether you are a small or medium sized business, having a group insurance plan can provide you with a variety of health, dental and insurance benefits that you and/or your employees will find tremendous value in. Many insurance companies offer traditional group insurance plans which are custom tailored to your business and employee/manager/key person makeup; however, you can also utilize a Personal Health Insurance Plan, a budgeted Administrative Services Only Plan (ASO) and/or a Health Spending Account (HSA) if you are a small to medium sized organization looking to gain more control over your costs.