Protecting a Family’s Health and Income
✈️Travel🩺Health🩹Disability❤️Critical Illness☂️Life
✈️Travel Insurance✓ tap to open▴ close
VisitorsNewcomersStudentsCanadians travelling
🏠✈️🍁
Parents visiting Canada for a few monthsFamily A“We'll be careful — no insurance”
Family BBuys travel insurance
Travel
Insurance$100–500✓ Insured
Insurance$100–500✓ Insured
❄️ One icy morning…
🧓 Dad slips→🦴 Broken leg→🏥 Surgery
HOSPITAL BILL$15,000–20,000Not covered by OHIP
💳Family A pays it all→ borrows · savings gone
🛡️Insurance pays the bill→ Family B is protectedPAID
$500 or $20,000 — which should a family choose?
🩺Extended Health Insurance✓ tap to open▴ close
🦷Dentalcleanings · a filling
💊Drugsprescriptions
👓Visioneye exam · glasses
🧠Therapyphysio · massage · counselling
🧍
Personal plan
Fairly expensiveWorth it only if you really use it🏢
Through your work
+ Very good valueCost shared by employer and employeeBEST VALUE♿Disability Insurance✓ tap to open▴ close
🚚 Truck driver · earns $5,000/month
🩹Gets injured — can't work for a year
⏱️
Short Term Disability
• Normally provides benefits for up to 52 weeks• Up to 65% income replacement📅
Long Term Disability
• Could provide benefits for up to age 65• Up to 65% income replacement🦺
Accident Disability
e.g. iA · Acci 7 PLUS• No medical questions• From $7/month• $700–$1,400/month if an accident stops work• Not tied to income, even without a job• Accidents only, not illness🛡️
Disability · No Minimum Income
e.g. iA · Superior Program• Accident or illness• No minimum income needed• Working 21+ hours/week• Tax-free monthly benefitIs the future predictable? What is the best way to protect health and wealth?
❤️Critical Illness Insurance✓ tap to open▴ close
Up to 25 illnesses ▾
💸 Financial crisis
✓HospitalOHIP covers it
↓Income$0 or much less
=Living costsmortgage · rent · car · food
↑Extra costsdrugs · equipment · therapy
💔 Emotional crisis
“Why me?!”
needs therapy
Without CIPays it all alone
Savings
🏦 Savings gone💳 Borrows🏠 May sell the house
With CIGets a cheque
PAY TO: YouLump sum$100,000tax-freeInsurance companyTAX-FREE
Use it for anything🏠 Mortgage & bills💊 Treatment✈️ Care abroad🛌 Time to heal
🩺Diagnosis30 days💰Paid
🎗️Cancer90 days💰Paid
Is the future predictable? What is the best way to protect health and wealth?
☂️Life Insurance✓ tap to open▴ close
🏡Family income: $7,000/month · Both parents contribute
Especially families with financial dependents
🌧️One day, one parent is gone.
🏠 Mortgage🎓 Kids' education🛒 Daily living💳 Debts⚱️ Final expenses
Without life insurance🏠 The house is sold🎓 University plans change💼 The other parent works two jobs
☂️ ?How can life insurance help this family?Next page →
