Critical Illness and Long Term Care

Critical Illness and Long Term Care are recent insurance products to the Canadian market place. As a form of disability insurance, Critical Illness insurance is designed to cover the additional expenses you may be faced with should you suffer a severe injury or catastrophic illness. Long Term Care provides you with the service and support required to maintain your day-to-day activities should a chronic illness or cognitive impairment keep you from being able to take care of yourself.

At Woodburn Financial Group, we have brokerage contracts with the leading providers in Canada for Critical Illness and Long Term Care Insurance. As a licensed Life Guide user, we are able to prepare quotations within minutes. We offer you one stop shopping for the best product at the best price, while maintaining full consideration for your needs and budget.

Critical Illness Insurance

30 days after diagnosis, Critical Illness Insurance provides a tax free lump sum payment to give you the independence to make meaningful decisions about your physical and financial recovery and protect your standard of living.

Covered Conditions

Alzheimer"s Disease...Blindness...Major Organ Transplant...Cancer...Multiple Sclerosis...Coma...Occupational HIV infection...Coronary Artery Bypass Surgery...Paralysis or Loss of Limbs...Deafness...Parkinson's Disease...Heart Attack...Severe Burns...Kidney Failure...Stroke...Loss of Speech.

In Canada

1 in 4 people will contract heart disease.

The Average stay in hospital for men with heart attacks is 15 days.

For women with heart attacks the average hospital stay is 23 days.

600 new cases of paralysis will occur this year.

1 in 4 will suffer kidney disease.

At least 50,000 will have Multiple Sclerosis.

There will be about 250,000 stroke survivors.

125,000 new cancer cases will be reported annually.

If you knew that you would be diagnosed with one of the above conditions in five months, would you buy Critical Illness Insurance?

How do you know that you won't be?

The Canadian cancer Society estimates that 67% of costs related to cancer treatment come from indirect expenses not covered by Provincial Health Plans.

If anything happens to you could you afford the financial hardship it would create?

Would you rather have a heart attack and lose your house or have a heart attack and lose your mortgage?

Long Term Care Insurance

It has been said that the fear of dying too soon has been replaced by the fear of living too long.

The exorbitant cost of long term care can threaten the financial security you have worked so hard to achieve. Long Term Care insurance protects you against the possibility of long term care in the future.

Long Term Care provides the following tax-free benefits

* Nursing Home Care * Home Health Care * Adult Day Care *
* Respite Care * Hospice Care *

We all plan on being healthy throughout our lifetime, but sometimes the aging process can prevent us from doing things that we now take for granted.

But did you know:

Currently 12% of the population in Canada is over age 65 and that will increase to 25% by the year 2036.

Once at age 75 men can expect to live another 9 years and women almost 12 more years.

The age 80 + segment will double in the next 20 years.

The prevalence of dementia rises with age.

The incidence of cancer has increased more than 30% in the last 20 years among aging Canadians.

There has been a 50% decrease in the death rate from heart disease in the last 20 years.

Stoke is the leading cause of transfer from hospital to long term care.

75% of those disabled with arthritis need help with Activities of Daily Living (ADL'S).

Long Term Care insurance should be part of your financial future.

Why do I need Long Term Care Insurance?

Because people are living longer and with the advancement of medicine, people are more likely to survive conditions that in the past would have led to death.

Who will provide for your needs:

Government Benefits - may cover only a portion of the costs.

Your Family - few people today are in a position to devote the hours per day it takes to care for a loved one.

The answer is Long Term Care Insurance.
It enables you to receive the care you need in the comfort of your own home. It also provides comprehensive coverage for nursing home care, should that option become a necessity for you.

You can purchase long Term Care up to age 80. Give yourself the opportunity to live with dignity and not be a burden to your family or drain your assets.

Living for today and caring for tomorrow.

This web site and its contents is NOT AN OFFER TO BUY OR SELL SECURITIES. Information presented on this web site is for information purposes only and you should always contact your financial advisor or life agent before making a financial decision.Read More
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