What is critical illness insurance? Critical illness insurance(CII) is coverage that can help Canadians or those living in Canada pay the additional costs associated with life-altering illnesses like cancer, stroke, heart attack and dementia. Why do I need critical illness insurance? If you’re diagnosed with a covered illness, your critical illness insurance policy can help…
By Sun Life Staff Thinking about getting life insurance? It’s a great way to help financially protect your family. Quite simply, life insurance pays your family or beneficiaries when you die. They can then use the money to pay for: debt, childcare, a mortgage or any other living expenses. To help decide what’s right for…
By Sylvie Tremblay During your lifetime, you’ll probably take on a bunch of financial responsibilities. These can include car loans, a mortgage, tuition fees, and more. These debts generally don’t disappear when you die. You can help protect your loved ones’ finances by getting life insurance. It delivers a specified sum of money to your…
Action plans for your finances and recovery Going on disability leave is stressful especially as your pay cheque is smaller and bills will keep coming There are practical things you can do to effectively cope during this challenging time including keep busy, stay positive and make “getting back to work” a full-time project. To help…
By Sheryl Smolkin Chances are you’ve never considered the potential costs of long-term care. But as you get older, the odds of your needing that care will increase. You’re healthy now. But have you ever thought about what would happen if you had a chronic condition, degenerative illness or dementia? It could lead to a…
Set yourself and your family up for financial health Many households in Canada today have a little secret that can wreak havoc with their financial lives—financial clutter. It’s not the kind you find in closets, under beds or at the office. And we’re not talking just about misplaced banking, tax, investment, insurance or credit card…
Protection for life Your life may change but your coverage won’t. Help provide lifetime financial security for your loved ones, while building your wealth. What is permanent life insurance? It’s guaranteed lifelong coverage that protects the people you care about. But it’s more than just insurance. Over time your policy can build value you can access for cash during your life, with certain tax implications. You…
Did you name your house? Your Registered Retirement Savings Plan (RRSP)? An investment account? Your most valuable asset is arguably what funds everything else – your income. It stands to reason, therefore, that your income should be protected. That’s where disability insurance enters the picture. In fact, disability insurance is often referred to as income…
Which of your needs are met by each product? If you’re buying a home or renewing an existing mortgage, you may be offered group insurance by your lender or broker. You put a lot of money towards your home, so it’s worth taking steps now to protect your investment. Mortgage life insurance is typically marketed…
Business owned insurance provides a one-time payout to your company if you, your business partner or key employees die. It can help cover business debt, overhead expenses or a partner buy-out. What insurance do I need? Well, it depends. If you have a new business, term insurance can help cover your loans and overhead costs….