North Peace Financial Planning offers various different kinds of insurance coverage.
Based on the idea of a large number of people contributing a small amount of money (a premium) into a fund or pool, to cover the needs of those people who suffer a loss. Because you never know when you might be the one in need, you are sharing the risk.
Your earning potential is a far more valuable asset than your automobile or your home. Disability insurance is designed to protect you from the possible loss of income. What's the possibility of this happening? It's more than you would imagine. Why should you consider it? It's the only sure way to provide guaranteed coverage and guaranteed premiums.
When you're healthy, you're probably not thinking about coping with a critical illness. But that may be the best time to consider the impact an illness could have on you, your family and your finances.
Health & Dental insurance provides reimbursement for prescription drugs, extended health, hospital, and dental expenses not covered by your provincial medical plan. It is ideal for small business owners, self-employed individuals, independent contract employees or families not covered by a group insurance plan.
Long-term care services address the health, social and personal care needs of individuals who have lost the ability to care for themselves. While a certain degree of public support is available, government programs are not comprehensive and long-term care services can be costly.
Take the worry out or traveling. Travel insurance provides for out of province or out of country emergency excess to hospitals and covers medical costs to a maximum of $2,000,000. Visitors to Canada can purchase travel medical insurance to cover them while they are in Canada.
Traditional Group plans require participation of a certain percentage of eligible employees, usually only full-time employees working a specified number of hours are eligible. The employer shares the cost of the coverage with the employees. Coverage under a group plan will usually terminate when employment ceases, either by way of leaving for different employment or retirement.