Critical Illness
One of the most important financial requirements that a person has, is the task of “having enough monies in place when they or their families and companies need it most”. This could be when they decide to retire; architect an expansion of their business; recover from a sickness or illness or survive the loss of a key person in their Company.
Critical illness insurance
People also own tools that will provide capital: if the family’s and companies need liquidity; if they were to die prematurely; or suffered a disability and lose their income.
This planning piece addresses the need to capital (money) if you ever suffered a “Critical Illness”. Since approximately 50% of males and females will be diagnosed with a heart attack, stroke or cancer issue before age 65, it has gained much attention recently.
This exercise addresses the effect of owning a Critical Illness program as part of our investment game plan. The net cost to you at retirement (if not diagnosed with a critical illness) is the non-returnable portion of your CI premium and lost interest over time. The benefits may be far reaching…not only does it provide a significant injection of cash, it quite often is the glue that allows you and your family or company to make competitive choices and not follow a knee jerk response to handling your affairs.
