Neighborhood Trust Financial Partners’ Post

Significant events such as accident, heart attack, stroke or cancer can happen to anyone. It's an emotional time and can often be a financial struggle when a family member is diagnosed with a life threatening or debilitating health condition - the last thing you want to worry about is paying the bills. Crisis Recovery helps ease the financial burden should you be unfortunate enough to suffer a traumatic event. This cover can include : ☑️ Crisis Recovery Benefit – a lump sum benefit should you experience a health event or are diagnosed with a serious illness. ☑️ Financial planning reimbursement to cover financial advice costs involved with managing a claim payment for death or terminal illness. ✉️ If you would like us to connect you with our personal insurance partner AIA, send us a message. #MortgageBroker #FinancialWellness #HomeLoans #Refinance #YourMortgageBroker #GuzmanFinance @andresguzman

Unexpected injuries and illnesses can happen to anyone, leaving them unable to work and struggling financially. Without a steady income, medical bills can quickly pile up and add to the stress of recovery. And what about daily living expenses like rent and groceries? Don't let an unexpected disability or illness ruin your financial stability. Goldstein Healthcare offers disability and critical illness insurance plans that provide ongoing income to help cover medical expenses and daily living costs. #SecureYourFuture #DisabilityCoverage #CriticalIllnessPlan #GoldsteinProtection

Dealing with cancer is tough and requires careful planning, including financial protection. Discover the importance of severe illness cover which can help with lifestyle changes, accessing optimal treatment, and managing non-medical expenses. Read more. https://lnkd.in/d3nv82yH #SmartAboutMoney #financialeduction #moneymanagement #insurance #cancertreatment

Critical Illness Protection, what is it and why have it? Critical illness cover is a type of insurance that pays out a lump sum on the event of you being diagnosed with a serious illness. This lump sum payment can then be used to pay off a mortgage, help supplement the loss of income or pay for the change in lifestyle/treatment that may be needed when diagnosed with a serious illness. According to the British Heart Foundation 7.6 million people are living with heart and circulatory disease in the UK. That’s over 10% of the population already living with the UK’s biggest killer. CriticalIllness.org suggest that 1 in 4 women, and 1 in 5 men will be diagnosed with a critical illness before retirement. If you think your protection plans could use some updating or you’re unsure what your needs are to protect yourself in the future, get in touch with your advisor to see how they can help you. British Heart Foundation Factsheet: chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://lnkd.in/eCf6QzJi   #wealthmanagement #protectionplanning #financialadvisor 

How Sick Do You Have To Be Before Income Protection Will Payout? People often mix up Critical/Specified/Serious Illness Cover with Income Protection. Although these two types of protection serve different purposes, it looks like the insurance industry has failed to clearly distinguish them. Serious Illness Cover pays out a one-time, tax-free lump sum if you get a specific illness that is defined on your policy. Cancer, stroke, and heart attack cause the bulk of claims. In other words, what you've got is bad and you're going to be pretty sick. Income protection pays you a regular income for as long as you cannot do your job due to ANY illness or injury. The majority of Income Protection claims also include the dreaded trio of heart attack, cancer, and stroke but also include claims for inability to work due to mental health and musculoskeletal issues (back, neck, knee, hips, etc) Serious illness gives you a short-term cash injection to do sensible things like clearing debt/paying medical bills or modifying your home. Or you could blow it all on a trip of a lifetime with the ones you love. It's your money, you spend it as you wish. Income protection guarantees lifetime financial stability if you get sick or have an accident that stops you from doing your job. If you'd like to know more, I have linked to a detailed comparison in the comments. Nick #IncomeProtection

Having critical illness cover is crucial for financial security and peace of mind in the face of a serious medical diagnosis. Here are some key benefits to consider: Yes, I know people 28, heart attack, stroke, brother in law, two heart attacks, age 36 and 40 Why is this important! - **Financial Support**: Receive a lump-sum payment upon diagnosis to cover medical expenses and treatments not covered by health insurance. - **Income Replacement**: Ensure financial stability by replacing lost income, covering day-to-day expenses like mortgage, rent, and utilities. - **Reduced Stress**: Alleviate worries about finances, allowing focus on recovery and treatment. - **Coverage for Non-Medical Costs**: Use the payment for home modifications, transportation to treatments, or specialized care. - **Family Protection**: Provide financial security to loved ones, maintaining their standard of living. - **Flexibility in Choices**: Access more treatment options, like private healthcare or international medical care. - **Cost Management**: Manage unexpected expenses without depleting savings or going into debt. - **Peace of Mind**: Have a safety net in place for serious health issues, ensuring peace of mind during challenging times. In conclusion, critical illness cover serves as a vital financial safety net, easing the economic impact of medical conditions and allowing focus on recovery. Remember to seek advice from a financial advisor for expert guidance.

Did you know that 1 in 3 Canadians will develop a critical illness in their lifetime? That's a staggering statistic that underscores the importance of being financially prepared for life's unexpected challenges. Stroke is the leading cause of long-term disability in Canada, affecting many working-age individuals. The financial strain of lost income and increased medical expenses can be significant. 75% of people who have a stroke live with some impairment, often requiring costly long-term care and rehabilitation. The annual cost to Canadians for caring for those with dementia is approximately $10.4 Billion per year. But it's not just about the financial burden; it's about how dementia can affect your ability to manage your finances and make sound business decisions. Planning for this possibility is crucial. Facts like these can be scary, but there's hope, and it's called Critical Illness Insurance. It's not just about financial protection; it's about peace of mind and security for you, your business partners, and your loved ones during challenging times. Its important make informed decisions and prioritize your financial wellness. Let's have a conversation about how ICP Insurance Solutions can help you secure your future and ensure you're prepared for whatever life may throw your way. #InsuranceInsights #FinancialWellness #InformedDecisions #CriticalIllnessInsurance #CanadaStats #Strokes #DementiaAwareness #ICPInsuranceSolutions

It’s happened again sadly 😔 A client was referred to me to review her protection portfolio. Critical illness cover was way out of date. Income protection was expensive we were able to offer the same cover at a much lower premium for the same benefits. They agreed to proceed with new cover, however …… In between applying and the cover being accepted they went to their GP with a suspect mole. They have now been put on the cancer pathway and are waiting for treatment as it’s malignant. New cover can’t be implemented and insurer has declined cover. Stop putting off getting your life cover, income protection and critical illness cover sorted ✔️ The truth is theirs never a better time than now to get your ducks 🦆 in a row. Instead of procrastinating and putting things off take ACTION now. I promise you our family future secure audit that you’ll sail through life with the wind in your sails and have a fantastic nights sleep night after night. We will be helping this client with a potential claim under their current policy. ——— I’m Paul the yellow T Shirt wearer 👋🏼 Proud Northerner and dad of 2 girls. I’ve been in financial services since I was 17 a long time 🙄 Passionate about mental health issues having suffered myself. I’ve been helping people with all things financial for many years. A bit off the wall and a great sense of humour 😊 See the 🔔 on my profile? Give it a ding if you would like to see more of my stuff. Or if you fancy it, then let’s connect 🙏🏼 🤔 Useful post? Give it a share. ♻️ #reviewyourinsurance #sickpayinsurance #lifecover

Safeguarding Your Family's Future: The Power of Critical Illness Coverage (CIC) Life can change in an instant. A critical illness diagnosis can bring immense emotional stress, and the financial burden can be overwhelming. Critical Illness Coverage (CIC) can be your family's safety net in such unforeseen circumstances. What is Critical Illness Coverage? CIC is an insurance policy designed to provide a lump sum payment if you are diagnosed with a covered critical illness,such as cancer, heart attack, stroke, or organ failure. This payout can act as a financial cushion, helping your family cope with: Medical Expenses: Treatment costs for critical illnesses can be substantial. CIC can help cover out-of-pocket medical expenses not covered by regular health insurance. Loss of Income: A critical illness can significantly impact your ability to work. CIC can provide financial support to replace lost income and maintain your family's standard of living. Living Expenses: The financial burden of a critical illness extends beyond medical costs. CIC can help cover everyday expenses like mortgage payments, groceries, and utilities. Why Consider CIC? Peace of Mind: Knowing your family has financial security in case of a critical illness can provide immense peace of mind during a difficult time. Financial Protection: CIC can help bridge the gap between your income and medical expenses, ensuring your family doesn't face financial hardship. Flexibility: The lump sum payout from CIC can be used at your family's discretion for medical bills, lost wages, or other needs. Don't wait until it's too late to protect your family's financial future. Have you considered CIC for your family's financial protection? What are your biggest concerns about critical illnesses and their financial impact? By planning ahead, you can ensure your family has the support they need during challenging times. #CriticalIllnessCoverage #FinancialPlanning #ProtectingYourFamily #FinancialSecurity #FinancialWellness #RiskManagement #Healthcare

Medical debt is a massive economic and social issue, even affecting Americans’ health. This is not simply a problem for those without insurance, but also for those who can’t afford to pay their high deductibles and other out-of-pocket costs. In fact, nearly 1 in 4 middle-class Americans have unpaid medical bills, according to Third Way’s new report. The report calls for abolishing medical debt, but there is another proactive and practical solution to alleviate its crippling effects. Allow patients to pay over time with convenient, transparent, and interest-free payment plans based on their true ability to pay. #healthcareaffordability #healthcareaccess