Thanks to medical advancements, Canadians are expected to have one of the longest life expectancies.1 However, developing a critical illness is a growing concern among Canadians with 400,000 already living with the effects of a stroke, and unfortunately, this number is expected to double in the next 20 years.2.
Check out this infographic to learn more about how to protect you and loved ones from the impact of being diagnosed with a critical illness.
Buying your first home? When your mortgage application is approved, your lender will likely ask if you want to purchase mortgage insurance. Before you say yes, remember you have other options for protecting your family and ensuring your mortgage is paid off, should you die unexpectedly. For many, including millennials, purchasing term life insurance may prove to be the more financially savvy choice. Contact a life insurance advisor before you close the deal to find out which option is best for you.
A critical illness can happen to anyone at any time. Worrying about your finances is the last thing you need, should the unexpected happen.
Thinking about life insurance, but don’t know where to start? You’re not alone! 61% of Canadians have no coverage or inadequate life insurance coverage.1 We get it. Choosing the right life insurance for you is a big decision. Whether you have a family that relies on you for income, or have debts to pay off should the unexpected happen, life insurance can be a great financial planning tool.