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April 30, 2020

What is Critical Illness insurance?

Critical illness, life insurance, policy, disability insurance

Critical illness insurance is great to have if you can afford to purchase another policy. This policy will pay out a one-time lump sum of cash once you are diagnosed with a life-changing illness. Unlike disability insurance, there is no waiting period and the money can be available right away. The list of illnesses that qualify for this claim is ... Read more

Filed in: Money, Personal Finance | By The Wealthy Sheep | Leave a Comment

April 30, 2020

Cover Your Butt with Disability Insurance

Disability, life insurance, policy, critical illness

Disability insurance is a tool to replace your income if you are unable to work after becoming disabled. Disabilities can be either physical impairments or mental health illnesses. Canadian Mental Health Associations states that 1 in 5 Canadians suffer from mental health illnesses. In other words, a large portion of our Canadian population is ... Read more

Filed in: Money, Personal Finance | By The Wealthy Sheep | Leave a Comment

April 30, 2020

What is Life Insurance and why do you need it?

Life Insurance Policy, policies, disability policy, critical illness policy

When a person dies, it's always sad and unfortunate. What people don't realize are the many loose ends that come after the death has occurred. For example, cancelling utility services, income tax for the deceased, and outstanding mortgages/loans. Did you know the minimum cost of a basic funeral arrangement in Canada is $5000? This is where your ... Read more

Filed in: Money, Personal Finance | By The Wealthy Sheep | 1 Comment

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