Expenses incurred for necessary medical or reconstructive purposes are eligible. Generally, expenses for treatment that was purely cosmetic in nature is not an eligible medical expense. Read more to see a list of eligible expenses…
There is growing speculation about the impact of the virus on Life Insurance and other related coverages such as Critical Illness and Disability Insurance. For more information on the possible implications of COVID-19, click here
Reading through your long term disability policy can be an overwhelming process, but we want to make it easier for you. It’s extremely important in this process that you take time to carefully read each section, making sure you have an educated understanding of how everything works…Read more
As a travel insurance specialist, I have advocated for consumer protection with doctors and insurance companies. For you, the consumer, I am here to educate and provide you with knowledge and understanding of the products you are purchasing.
The CCIR came up with a consumer survey on travel insurance to which results were posted in 2016. Further to the survey, recommendations were made by the CCIR on Travel Insurance Reforms that were posted on May 31, 2017. The goal is to enhance consumer protection and increase confidence in travel health insurance products.
Read more or Contact Me for a copy of the recommendations surrounding definitions, eligibility, exclusions…
Ontario’s Trillium drug plan has announced it’s modernizing its systems and infrastructure and has refocused efforts on altering the way co-ordination of benefits takes place with private drug plans beginning in the fall of 2017.
This development isn’t a change to Trillium regulations but is simply a refocused effort to make Trillium a first payer…Read more
If you are self-employed, it’s important to make sure your income is adequately protected in case of a disability.
Have you thought about how you will take care of your business, family, and yourself, if your health impacts your ability to work? Let’s take a realistic look at your expenses
Now what happens during a disability? …Disaster!
Disability insurance is like having a ‘silent partner’ to take on the risk and provide income replacement, if you get injured, or suffer from a critical illness. Disability insurance does not make people rich; but it keeps them from becoming poor and it’s more affordable than you think.
The best financial plan in the world will only survive as long as your income does. Protect your most valuable asset – your ability to earn income. Contact me for your FREE Disability Needs Analysis.
One of the first things to consider in protecting your lifestyle is Business Overhead Expense (BOE) coverage. Especially designed for sole-proprietors, partnerships, and small businesses, this policy will keep your business afloat for a short period, while the owner focuses on getting better. A monthly benefit is paid as a reimbursement to pay for fixed and ongoing expenses such as rent, salary of employees, business & property taxes, utilities, vehicle expenses, insurance etc. The premiums are affordable and can be used as a deductible business expense.
Ways to Cover Business Expenses in case of a Disability or Illness:
Do any of these alternative solutions make sense?
Savings: Maybe you’ve considered using your retirement savings as a back-up plan? Consider this…If you earned $45,000 year and saved 10% of your income, a 6 month disability would wipe out 5 years worth of savings.
Spouse: You may be thinking that you would still have an income from a working spouse. Would one income be enough if you are currently living off two? If your spouse is still working, will your spouse be able to juggle work and take care of you?
Borrowing: You might have a difficult time securing a loan when you are disabled. Would you be willing to lend money to someone who is not able to earn the funds to pay it back?
Group Benefits: Even if you have group benefits they may not be adequate over the long term. Many group plans only replace about half of your net income. Is that enough?
For a small monthly premium Business Overhead Expense coverage can be an affordable solution that makes sense: Request Information