insuranceplanners

  Many people are not properly prepared financially when faced with a serious illness, in spite of having good medical coverage. Critical illness Kitchener insurance can help lessen the burden of increased out-of-pocket expenses so that you can focus on recovery instead of your finances. What is critical illness insurance? Thanks to medical science, the survival rate of many serious conditions like cancer and stroke are climbing steadily. As a result, people may be unprepared for the costs associated while recovering from critical illness in Kitchener.  Health insurance can be a big help in covering medical expenses, but those insurance policies often come with high deductibles, and don’t cover other expenses such as housing costs, school tuition, the cost of food, and more. The purpose of critical illness insurance in Kitchener is to help supplement the benefits of traditional medical coverage and address the financial consequences of certain conditions covered in critical i...

  What Is It and Who Needs It? Read on to find out-  If you’re lucky, you’ve probably never had to use critical illness insurance . You’ve maybe never even heard of it. But during health emergencies, such as cancer, heart attack or stroke, critical illness insurance could be the only thing protecting you from financial ruin. Many people assume they’re fully protected with a standard health insurance plan, but the exorbitant costs of treating life-threatening illnesses are usually more than any plan will cover. Read on to learn more about critical illness Woodstock and get insured and whether it's something you and your family should consider. Things to know-  For Critical illness Woodstock- insurance provides additional coverage for medical emergencies like heart attack, stroke, or cancer. Emergencies or illnesses often incur greater than average medical costs, these policies pay out cash to help cover those overruns where traditional health insurance may fall short. The...

  Most families rely on at least one regular monthly salary to cover their household debt. How would your household cope financially if you lost a source of income and weren’t able to make your mortgage repayments? About Mortgage life insurance Woodstock. Mortgage life insurance Woodstock is typically bought to cover a repayment mortgage, so in the event of your death your loved ones can pay off your outstanding mortgage. It’s also called decreasing term life insurance. This is because the amount you are covered for decreases over the term of your policy, like the way a repayment mortgage decreases. How does mortgage life insurance Woodstock work? You choose a payout amount and a policy term that matches that of your mortgage or loan. This way your insurance matches your loan commitment. So each month your cover decreases, roughly in line with the debt you're repaying. As both your mortgage loan and policy end at the same time, your mortgage life insurance Woodstock will reach zer...

  So much has happened in the last few days and weeks that I feel like months have passed. Social distancing is now on everyone’s lips. And the goal is noble: flatten “the curve” and prevent more people from getting sick from the Coronavirus. The impact, though, is being felt in so many ways by so many people: Schools are closed and parents need to stay home to take care of their children and can’t work. Restaurants, bars and local retail shops are shuttered, and all the people who own those businesses or work there or supply them are in financial peril as well. Many, many people are not only worried about getting sick, but worried about whether they will have a job to return to and if they can pay their bills in the meantime. But I want to shine a light on a financial lifeline—a solution—you may have forgotten about. Permanent life insurance. Many people buy it for its lifetime protection. It’s often a “set it and forget it” solution. But the beauty of this financial tool is what ...