Wednesday, November 25, 2015

Survival is Paramount - but the hit to retirement savings can be insurmountable

We all know that we should do what we can to protect our assets ... and for the vast majority of us, our largest asset is our ability to earn. If we lose that, we risk losing everything. Employer's group plans can help if you have one, but frequently they have caps, which mean patients have to come up with the funds for their treatment. Private Disability and Critical Illness coverage may not be the answer for everyone, but it is certainly worth investigating.

Your professional advisor can help you decide how Disability and Critical Illness insurance fit with your existing insurance coverage and your overall financial plan.

The Globe and Mail. - Preparing for the cost of catastrophic illnesses-before-retirement