Insurance is an important part of any financial plan. Medical bills or funeral costs can devastate your family's financial savings, making your family's usual expenses harder to cover. Protect your family; learn more about the four types of insurance we offer below.
If you are new to Matchett Financial Services, we encourage you to book a free consultation with one of our experienced insurance advisors to discuss which policy (or policies) will best suit you and your family's needs.
Life Insurance
Critical Illness Insurance
Critical Illness Insurance
If you pass away suddenly, the financial implications on your family can have a devastating impact. You can help by getting life insurance.
By getting life insurance, you are setting things up so that, in the event of your untimely death, your family will receive a tax-free death benefit. The money can be used to replace your income so they can maintain their standard of living, provide for your children or dependents, pay funeral expenses, pay off debts or give a gift to charity. The money can also go toward your estate or to a trust.
Critical Illness Insurance
Critical Illness Insurance
Critical Illness Insurance
If you become critically ill, critical illness insurance can help protect you and your family by helping with costs associated with recovery. If your specific policy covers your illness and if you survive the waiting period, you’ll receive a lump-sum cash payment.
This money can be used for anything you wish; to pay off debt, to replace your income or your partner’s income if they have taken time off work to care for you, to bring extra care professionals into your home, or to consider new treatment options not covered by private or government health insurance plans.
Disability Insurance
Disability Insurance
Disability Insurance
If something happens to you and you can no longer work, disability insurance can help protect you and your family by replacing part of your regular income up to a maximum amount for a specified amount of time. The amount of time you are covered by disability insurance can either be short-term or long-term.
Your employer may have a disability insurance plan set up for you, but you can get an individual, customized plan to make sure you are covered at all times. If you are self-employed, disability insurance is very important because it will help cover any of your business expenses in the event you can no longer work.
Travel Insurance
Disability Insurance
Disability Insurance
If you live in Canada, you likely have a government health insurance plan, but depending on where you are travelling, you may only have minimal health insurance coverage. Illness and accidents can be very common when travelling. Travel insurance is important because it helps protect you from unforeseen costs that can occur due to medical emergencies or unexpected reasons for interrupting or cancelling your trip.
Without travel insurance, you could be left with very large medical bills. We highly recommend getting travel insurance whenever you are planning for a vacation or work trip because, no matter where you are in the world, surprises happen and it’s good to be prepared.