Do you insure yourself if succumb to a critical illness?
Many people will say of course to numbers 1& 2 but maybe not to the balance of the questions.
Like many families you have a mortgage, other debts and need to put food on the table what would happen if:
You become disabled and can’t work
You get hurt while working in your yard and not able to work what would your family do?
You have a critical illness and can’t work
You have been told by your doctor you have a critical illness and you need treatment and won’t be able to work until you recover, and the treatment may cause side effects that may prevent you from working again. What would you and your family do?
Some important facts to consider regarding a disability or critical illness:
Workers compensation won’t cover you, it was not a work place accident
You may have disability insurance with work but does it provide enough income for your expenses
Is there a maximum length of time you can be off with your works disability insurance
You were to pass away
There is now no income coming in for the family how would your family survive with a life style they have been accustomed to never mind the loss of a spouse, father or mother?
Situations like this happens more than people think, in fact here are the risks for both males and females who are 25 years old and non smokers based on Manulife’s Insure Right web page:
Becoming disabled before 65 39% 43%
Critical Illness 27% 20%
Dying before 65 7% 5%
Probability of all 3 events before 65 53% 52%
With the percentage possibility of one of these events happened to you, can you afford to not protect your family?
Be proactive and have your Financial Goals Analysis done. It is complimentary, confidential and will show you how you can protect the bread winner’s income.
Contact me and we can set up a time to meet and protect your families bread winner’s income!