Family Insurance
Your family is your top priority and doing the right thing when it comes to your family’s future is important
Family Insurance
Like most parents, you lead a busy life. Your family is your top priority and doing the right thing when it comes to your family’s future is important. That includes making sure they are financially prepared should something happen.
Sudden health care expenses can put added pressure on an already-stretched financial budget, especially where families are involved. Private family health insurance plans are designed to ensure that you and the rest of your clan are covered for day-to-day health maintenance as well as medical emergencies. Here in Canada, we are fortunate to have some medical coverage through our Medicare health care program.
However, some coverage does not mean all coverage. While essential in-hospital care comes free of charge, for the most part, you are required to pay out-of-pocket for common medical services like:
- Prescription drugs
- Routine check-ups, simple and enhanced dental procedures
- Eye exams and prescription eye wear
- Registered specialists and therapists
- Emergency medical travel coverage
Health care is a family affair
You can purchase a family health insurance plan through one of many health benefits providers to supplement your provincial or territorial insurance. It’s the right decision to make for yourself and for your loved ones, especially if:
- You have no group health benefits at work
- You are about to lose your group health coverage
- You are self-employed, work on contract or freelance and don’t have personal health insurance.
More About Family Insurance
Ask yourself
Have you done everything you can to make sure your family is financially prepared if one of you dies unexpectedly or becomes seriously ill?
Protect your family and your finances with insurance solutions from FInancial Doctor
Consider how life insurance and critical illness insurance can help:
Critical illness insurance
Critical illness insurance helps ease the financial impact if you or your children become seriously ill with a covered condition or illness. It can help you manage additional costs and everyday expenses such as:
- Additional medical expenses not covered by a medical plan, mortgage payments, child care and education savings, and retirement savings.
- Insuring your children means you can take time away from work to help care for them without having to worry about lost income.
- It’s about helping your family focus on recovery, not finances.
- Contact Us today, because your family comes first.
Life insurance
Life insurance helps provide for your family should you pass away unexpectedly. By insuring your children, you can protect their future insurability and provide a solid foundation for their financial future.
Term life insurance – can be an affordable way for you to protect yourself and is a simple step in your financial strategy. It provides temporary coverage that can be converted to permanent insurance later on.
Permanent life insurance – provides you with lifetime protection. It’s also a great solution for children because the younger they are when you purchase, the lower the cost will be.
Frequently Asked Questions
What is the meaning of insurance?
Why do I need Insurance?
Why should one cover oneself immediately ?
How to Choose the Best Term Plan?
Claim settlement record of a life insurance company indicates the ultimate moment of truth for the customer. Claim settlement record can be assessed through a percent number (Claim Settlement Ratio) released by IRDAI (Insurance Regulatory and Development Authority India) every year.
How much life cover do I need?
If budget is a problem, you could go for monthly premium payment option over a yearly commitment. However, it is important to have a sufficient life cover so that your family’s financial security is not compromised.