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Stewart Financial Services
- Protecting Your Financial Health
Insurance Solutions
You have insured your home, cars and personal belongings, but what about insuring what is most important – your life and health? When you insure your life and health, you insure the income that supports your lifestyle and your ability to earn that income.
If your family depends on your income, what would happen to them if something happened to you? Their way of life and plans for the future could be drastically affected. What if you became critically ill and had to stop working, how would you pay your mortgage and other bills? You could deplete your savings just to cover medical costs and household expenses. Anything can happen, that is why it is important to get the right insurance to protect yourself, your family, and everything you have worked hard to achieve.
Contact Stewart Financial Services to find out more information about Insurance Solutions that will meet your lifestyle needs today, and in the future.
Life Insurance
Your need for Life Insurance will vary with your age and responsibilities. The amount of Insurance you buy should depend on the standard of living you wish to assure your dependents. You should consider the amount of assets and sources of income available to your dependents when you pass away. Life Insurance is paid tax-free to the beneficiary and bypasses the estate if a beneficiary other than “Estate” is named.
Critical Illness Insurance
Ask yourself – if a serious illness kept me from work – if I was unable to do everyday tasks for weeks, months or even longer – how would I cope physically, emotionally, and financially? That is where Critical Illness Insurance comes in—you are free to spend the money as you wish—such as to help cover lost income or to supplement your income while you are unable to work, to pay for private nursing or out-of-country treatment, medical equipment, or medical costs not covered by government and group plans, or even to pay off outstanding liabilities such as a mortgage or line of credit. It can help you where you need it most so you can focus all your energy on recovering.
Disability Insurance
If you become disabled, your ability to earn income may be significantly compromised, and your ability to pay bills or save for retirement could be dramatically impaired. Disability is one of the leading contributors to bankruptcy. Disability Insurance plans are designed to help you meet your income requirements so you can concentrate on recovering from your disability and returning to an active life. If you are permanently disabled, you can have the peace-of-mind knowing you have a source of income.
Long-Term Care Insurance
A time will come due to age, injury or illness, when you will need help to perform the routine activities of daily living – who will help with your care? Have you considered Long-Term Care Insurance in your Retirement Planning? Like many Canadians, probably not, but you might want to think again.