Chapter 12: Insurance to Protect Income and Savings

In this section

• Disability Insurance: A Comprehensive Guide
  Learn how disability insurance protects individuals from income loss due to illness or injury, key definitions, policy structures, needs analysis, and best practices in Canada.
• Critical Illness Insurance: Safeguarding Your Finances from Major Health Events
  Explore the essentials of critical illness insurance in Canada, including coverage specifics, ROP riders, premium factors, and best practices for financial resilience when facing serious medical diagnoses.
• Long-term Care Insurance
  Explore the essentials of long-term care insurance in Canada, covering coverage options, policy triggers, plan designs, and key considerations to protect individuals and families from the financial burden of extended care.
• Provincial Medical Insurance in Canada: Understanding Coverage and Gaps
  Discover how provincial medical insurance plans work in Canada, the services they typically cover, and how to bridge gaps through private insurance solutions. This comprehensive section highlights key considerations for financial planners and clients alike, including travel coverage, drug formularies, and strategies for staying up-to-date with evolving healthcare regulations.
• Extended Health Insurance
  Discover how extended health insurance supplements provincial coverage, reduces out-of-pocket healthcare costs, and supports a holistic financial plan in Canada.
• Travel Insurance Protecting Your Adventures
  Explore how the right travel insurance can safeguard you against unexpected costs, cancellations, and medical emergencies while traveling, with Canadian-specific considerations, practical examples, and best practices.
• Group Life and Health Insurance
  Discover the essentials of employer-sponsored group life and health insurance, including coverage types, cost-sharing arrangements, conversion privileges, and key regulatory considerations in Canada.