Thinking Beyond a Financial Rut

With the unfavourable prevailing economic conditions, people are undergoing a lot of stress. And if you live in Alberta then it has been magnified by ten fold so how do you think beyond this situation? The 2015 recession is going to leave its mark – in more ways than one and it’s not correcting itself anytime soon. In recent news, the major oil companies are now starting to lay people off. If you’ve been following the news, then you know it’s been an extremely crucial time for businesses, families, our children’s future, our parents who are going into retirement and much more. Suicide counts have gone up, crime rates have soared, foreclosures happening left right and centre, people are depleting their savings and RRSPs leaving them with major retirement setbacks, divorce has increased and Continue reading

Human Connection Provides for Proper Insurance

The internet has changed many aspects of our lives, It has disrupted how we communicate with each other, how we keep track of our finances, how we perform research, and most of all where and how consumers purchase products and services. Being in the insurance and financial services industry, i’s quite upsetting to me when I learn about people who are misled by online insurance companies that appeal to consumers that are looking for convenience and offer empty promises through flashy advertisements and catchy phrases that promise for low cost insurance coverage, great service, no medicals and a buildable policy that you can change at any time. Buyer beware! Shopping for any kind of insurance online could be compared to self-diagnosing online when it comes to your health and Continue reading

Why Invest in Critical Illness Insurance

The financial consequences of a serious illness are often worse than those of death. In addition, the chances of a critical illness attack on any of us are much higher than those of death, at least before retirement age. Critical illness coverage/insurance is a long-term insurance policy where you’ll get a  ‘lump sum’ of money tax free. Think of it as a one-off payment if you’re diagnosed with one of the serious illnesses covered by your insurance policy. Let’s face it, in these high stress times, it is more often that someone is diagnosed with heart attack, stroke, end stage renal failure, major organ transplant, or a total loss of hearing or sight.

If you think about which friend or family member that has recently been diagnosed it is always surprising and these are the kinds of surprises people don’t like. But it happens, daily. CI coverage is designed to pay off your mortgage, debts, or pay for alterations to your home such as wheelchair access should you need it, because when you are diagnosed with a critical illness and need time off from work for treatments your employer will not be paying you for time off.  As well, the medication and treatments that are not covered by your health plan can be very costly. Again, the money you get from a critical illness policy can be used to pay off a mortgage or rent, to pay for medical bills, on going bills or for anything else.

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Educating, Coaching and Protecting – The Work of a Guardian

Studying for my insurance license has made me realize how much I really didn’t know about company benefits, life and disability insurance, all the way to critical illness and long term disability. Like most, I thought I knew what I was covered for; however, there are so many limitations that you have to familiarize yourself with as to not be surprised when the time comes for you or a loved one to make a claim. The more people I speak with the more I realize they have no clue either. Because this hits home for me, as my mother fell ill with cancer and then finding out that she didn’t have any disability or critical illness coverage, but I’ll share that with you in later posts. My ultimate goal and where I am most in my element, moving forward, is not to be that ‘greasy insurance ‘sales’ person’ but to really educate people while coaching them on how to protect their family, loved ones and estate. LIFE HAPPENS! We do not have crystal balls.  Continue reading