Personal insurance plans are in place to help maintain your present standard of living by protecting your income, your finances and your family should something happen where you are unable to continue working. Consider this: If you suddenly fell ill, how would your financial needs be met? Would you and your family be able to cover the bills while you recover? Should you happen to pass unexpectedly, would your family be financially secure enough to continue without financial hardship? In situations such as this, insurance provides you and your family with financial peace of mind through one of life’s most difficult times.
What types of personal insurance are available to me?
Protects your family by paying a tax-free lump sum to your beneficiaries to ensure your debts are paid off and they are able to maintain a similar standard of living upon your passing.
Provides you and your family with affordable access to health care such as prescription drugs and dental coverage.
Provides peace of mind when vacationing knowing that your expenses are covered should you require medical assistance while travelling out of the country.
Critical Illness Insurance
Protects your finances by paying a tax-free lump-sum upon your diagnosis of a serious medical condition and allows you to cover any costs associated with an illness, or for you to use at your discretion during or after recovery.
Provides payments to assist with long term care either in your home or in a private/government facility. It also helps to cover some or all of the costs of long-term care without having to use your personal savings.
Also referred to as “Income Replacement” insurance will replace part of your lost income and allow you to maintain your standard of living should you be unable to work due to illness or injury.
We must always remember that “life happens” and you can never be too prepared, especially when it comes to protecting yourself or your loved ones. Having appropriate insurance coverage means you will relieve financial concerns in a situation beyond your control and allows you and/or your family to focus on what matters. Contact Synergy Life Financial to explore your insurance options and get protected