Personal health insurance. Critical illness insurance. Disability Insurance. Long term care insurance. Here is a table to quickly compare their key features and find the best insurance for you and your loved ones.
Do you know everything that is covered by your public health insurance plan? Maybe it doesn’t cover all the medical and dental bills you and your family will have to pay over your lifetime.
The COVID-19 pandemic has demonstrated how quickly a health issue can lead to financial hardship.
You may know someone unable to earn an income or support their family in the past year due to an accident or severe illness. Maybe you have family members with various health issues. Either way, they might have had to:
pay out-of-pocket health care costs
borrow money from relatives or family
draw on their savings to cover expenses related to illness or injury
None of these options seems like the ideal solution. But how do you help protect our family, our income and our savings from unplanned expenses? There are several types of insurance to help us.
How to protect your finances in the event of a severe illness
Whether you’re working and raising a family or retired, here are four types of insurance to cover your needs at every stage of your life.
- Note: To be eligible for one of these insurances, you must meet the required requirements.
Talk to an advisor
Not sure which insurance to choose? An advisor can help you understand the different products. He can also explain how they can be combined and their protection against certain specific financial risks.
