Glenn Stewart is an insurance specialist helping individuals, families, and businesses in the Kitchener-Waterloo region. CuttheRisk.com is dedicated to providing information and education about insurance and protection for individuals, families, and businesses. Glenn specializes in the following types of insurance: life, travel, disability, critical illness, health, key person, estate planning and much more.
With the end of Ontario's limited Out-of-Country Travelers Program Ontario's people travelling abroad will NOW need Travel Insurance including the Snowbirds or just going shopping in Buffalo. For travel out of the country health costs can escalate quickly, and the province's program was never intended as a substitute for a more comprehensive travel insurance package.
With the end of Ontario's limited Out-of-Country Travelers Program Ontario's people travelling abroad will NOW need Travel Insurance including the Snowbirds or just going shopping in Buffalo. For travel out of the country health costs can escalate quickly, and the province's program was never intended as a substitute for a more comprehensive travel insurance package.
Services
Having a critical illness or condition can be a stressful event in any person's life and can be combined with a devastating financial impact on the individual. Critical illness insurance is a policy that can provide you with a lump sum payment if you suffer from a covered critical illness and the conditions of the policy contract have been met.
Disability insurance is an insurance contract wherein an insurer undertakes the responsibility to pay money, usually a proportion of the insured's most recent income, or another agreed upon benefit, in the event that the insured becomes disabled and is unable to engage in his/her occupational functions or other daily activities as a result of bodily injury, disease or mental disorder.
In Canada, each province provides provincially funded health plans for medical services for residents of that province. This has become an effective and recognized health care system. Unfortunately, this funding is limited in its application to only mandatory health services.
Essentially only services that are deemed necessary medical services are covered but the coverage given can be the full amount or only a percentage (depending on the province) and the individual must pay the remaining costs.Most provincial governments will pay the full costs of regular physician visits, one-time eye examination every 24 months and basic hospital accommodations (including any mandatory prescriptions while admitted).
Essentially only services that are deemed necessary medical services are covered but the coverage given can be the full amount or only a percentage (depending on the province) and the individual must pay the remaining costs.Most provincial governments will pay the full costs of regular physician visits, one-time eye examination every 24 months and basic hospital accommodations (including any mandatory prescriptions while admitted).
Foresters, an international life insurance, has simplified permanent protection called Easylife, an affordable new participating whole life product with up to $100,000 coverage. There are no medicals required; no pages of questions to fill out. Clients aged 20 to 60 can be insured virtually instantly with just one easy interview and a signed declaration.
Like other types of insurance, long-term care insurance requires insured to pay a premium on a regular basis so that he/she does not have to pay a lump sum in the future in the event of a catastrophic illness or condition. Long-Term Care Insurance benefits can start as early as the first day in the event that you lose the ability to take care of yourself.
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Glenn Stewart
Dec 04, 2015
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