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
After being born and raised in Calgary and feeling like I had experienced all there was, I knew that there was more to life than this little bubble that so many of my friends lived in, so I ventured west to Vancouver in 2010 and experienced something I had never experienced before and what I was longing for, and that was an urban living lifestyle; I was surrounded by people, style, food, community and culture. I worked for Miss World Canada as their business developer and I ran a business consulting company and soon grew tired of the rat race for acquiring new business.
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.