tchavdar elenkov, ba econ, cfp insurance and financial advisor chances are you’ll recover chances...

Tchavdar Elenkov, BA Econ, CFPInsurance and Financial Advisor

Chances are you’ll recoverChances are your retirement plans won’t

Agenda

Getting better costs money

Planning for the unexpected

The impact on retirement savings

Getting better costs money

G E T T I N G B E T T E R C O S T S M O N E Y

Likelihood of getting sick

Medical advances & healthy living

Longer life expectancy

It can happen to anyone

G E T T I N G B E T T E R C O S T S M O N E Y

The good news is that you will likely recover !

FACTThe risk of being diagnosed with a critical Illness before the age of 75 is higher than your risk of dying in that time.

The costs of getting better

G E T T I N G B E T T E R C O S T S M O N E Y

Unexpected and significant costs

Costs not covered by provincial or employee health plans

Critical illness insurance can help!

G E T T I N G B E T T E R C O S T S M O N E Y

Provides cash benefit that can be used to: Find the best health care available Hire a nurse or caregiver Pay off your mortgage Provide income when you can’t work Protect your retirement plans Make sure your business survives Take a vacation

Planning for the unexpected

P L A N N I N G F O R T H E U N E X P E C T E D

Why get critical illness insurance?

Allows you to plan for the unexpected

Possible Return of Premium option – you’ve got nothing to lose!

How do I know which plan to choose?

P L A N N I N G F O R T H E U N E X P E C T E D

Look for a plan that offers: Best coverage for you

A partial benefit if your condition isn’t life threatening, but life altering

The ability to receive the benefit upfront

Return of premium options

The impact on retirement savings

What if you don’t have insurance?

I M P A C T O N R E T I R E M E N T S A V I N G S

Required to work longer

Diminished lifestyle during retirement

Meet Joe & Mary

I M P A C T O N R E T I R E M E N T S A V I N G S

Joe had a stroke at 45

Costs exceeded $100,000

Required to dip into RRSPs

Unrealistic to retire at age 65

Don’t let this happen to you

I M P A C T O N R E T I R E M E N T S A V I N G S

Adding critical illness insurance to your financial plan makes sense

Get peace of mind knowing that if you get sick, you can focus on what really matters … getting better!