We've Got You Covered
Let us design a
personalized coverage plan, with just the benefits that are important to you
personalized coverage plan, with just the benefits that are important to you
DISABILITY ACCIDENT
PLAN
Let’s look at the example of BRAD, a 58 year old, Regional Package Delivery Driver
ACCIDENT:
Fell and suffered a hip fracture while helping with renovations at his brother's house.
| BRAD'S Accident Plan | Coverage | Premium |
|---|---|---|
| Disability insurance | $1,400/mth | $14 |
| Death, dismemberment, loss of use (AD&D) | $70,000 | $7 |
| Accidental fracture | $7,000 | $7 |
| Extended medical care | $7 | |
| Hospital benefit | $70/day | $7 |
| Total Monthly Premium | $42 |
WHY DID HE BUY?
BRAD purchased this plan to supplement his existing group insurance, which did not offer disability coverage. He wanted to cover a loss of income, to take care of additional expenses due to an accident, etc. The benefits under this plan are paid in addition to any other coverage.
Whether employed or unemployed, this plan is available to you. No medical examination is necessary.
LETS DESIGN A PLAN THAT'S RIGHT FOR YOU.
LIFELINE COVERAGE was there for BRAD,
and we can be there for you too!
After the accident, here's what Brad received: $17,205
| Benefits Paid to BRAD | Benefit Calculation | Amount Paid |
|---|---|---|
| Hip Fracture | $7,000 | |
| Hospitalization for 7 days | 7 x $70 | $490 |
| Convalescence Benefit | 7 x $70 | $490 |
| Total Disability for 6 months | 6 x $1,400 | $8,400 |
| Ambulance Transfer | $195 | |
| Medical Imaging | $200 | |
| Prescription Drugs | $70 | |
| Equipment Rental | $200 | |
| Physiotherapy | $160 |
| Robert's Total Benefit $17,205 |
|---|
The example given here is a short summary of the coverage and conditions in the contract and is, therefore, incomplete. Please refer to your contract. It is important that you read and understand it.
Brad's Monthly Premium: $42.00A small cost that can be a BIG Help!
Total Cash Benefit Received:
$17,205
CANCER CARE PLAN
Let’s look at the example of
SUSAN, a 66 year old, active widowed, grandmother of three.
SUSAN, a 66 year old, active widowed, grandmother of three.
DIAGNOSIS:
Diagnosed with lung cancer and is unable to perform her usual activities.
| SUSAN'S Cancer Plan Benefits | Coverage | Premium |
|---|---|---|
| Hospitalization | $200/day | - |
| Recovery | $200/day | - |
| Outpatient Treatment | $200/day | - |
| Recovery After Treatment | $200/day | - |
| Total Monthly Premium | $50.57 |
WHY DID SHE BUY?
SUSAN saw several of her friends diagnosed with cancer and wisely decided to take prudent steps to protect herself. It was important for her to cover out of pocket costs, not covered by OHIP, such as home-care, housekeeping and meal preparations, while alleviating the need for her daughter to become a necessary caregiver.
SUSAN saw several of her friends diagnosed with cancer and wisely decided to take prudent steps to protect herself. It was important for her to cover out of pocket costs, not covered by OHIP, such as home-care, housekeeping and meal preparations, while alleviating the need for her daughter to become a necessary caregiver.
Unlike critical illness policies, this plan does not terminate with the payment of partial benefits. The maximum benefit available to Susan is $584,000. No medical examination is necessary and the plan is Guaranteed Renewable for life.
Thankfully, the Cancer CARE Plan covered SUSAN
and it can be there for you too!
After hospitalization and treatment, Susan received: $28,000
| Benefits Paid to SUSAN | Benefit Calculation | Amount Paid |
|---|---|---|
| Hospitalization for 5 days | 5 X $200 | $1,000 |
| Convalescence Benefit X3 | (5 X $200) X3 | $3,000 |
| Outpatient Treatments | 30 X $200 | $6,000 |
| Treatment Convalescence Benefit X3 | (30 X $200) X3 | $18,000 |
| Susan's Total Benefit $28,000 |
|---|
The example given here is a short summary of the coverage and conditions in the contract and is, therefore, incomplete. Please refer to your contract. It is important that you read and understand it.
Susan's Monthly Premium: $50.57A small cost that can be a BIG Help!
Total Cash Benefit Received:
$28,000
SMALL BUSINESS OWNER
PROTECTION
Let’s look at the example of
ROBERT, a 35 year old self-employed architect whose firm specializes in the design of residential home remodelling.
ROBERT, a 35 year old self-employed architect whose firm specializes in the design of residential home remodelling.
SCENARIO:
Suffered a heart attack and was unable to work for a period of four months.
| ROBERT'S Income Protection Plan | Coverage | Premium |
|---|---|---|
| Personal Disability Income Plan | $3,000/mth | $70.20 |
| Business Overhead Disability Income | $5,000/mth | $82.00 * |
| Loan Payment Disability Income | $2,500/mth | $79.20 |
| 20 Yr Term Life | $500,000 | $34.09 |
| 20 Yr Simplified Critical Illness | $100,000 | $45.80 |
| Total Monthly Premium | $313.79 |
* The $82.00 Business Overhead Disability Income Plan Premium is a tax deductible expense.
WHAT WE DID FOR ROB!
We constructed a plan using 2% of ROBERT'S gross business income. It will provide $10,500 a month of income to cover his personal and business expenses in the event of an accident or sickness. We also added $100,000 of Critical Illness protection and $500,000 of Life Insurance, to cover his business loans and other debts, in the event of premature death.
We constructed a plan using 2% of ROBERT'S gross business income. It will provide $10,500 a month of income to cover his personal and business expenses in the event of an accident or sickness. We also added $100,000 of Critical Illness protection and $500,000 of Life Insurance, to cover his business loans and other debts, in the event of premature death.
Our Business Protection Plan was there for ROBERT
and it can be there for you, too!
After suffering the heart attack, Robert received: $131,500
| Benefits Paid to ROBERT | Benefit Calculation | Amount Paid |
|---|---|---|
| Personal Disability Income Plan | $3,000 X3 | $9,000 |
| Business Overhead Disability Income | $5,000 X3 | $15,000 |
| Loan Payment Disability Income | $2,500 X3 | $7,500 |
| Simplified Critical Illness | $100,000 | $100,000 |
| Robert's Total Benefit $131,500 |
|---|
ROBERT'S RESULTS
While ROBERT was unable to work for a total of 4 months, the benefit was paid for 3 months due to the 30-day elimination period. Although the business closed for 4 months, ROBERT was still able to continue paying the salaries of his employees, while also covering his personal, business and other financial obligations. Additionally, with his Critical Illness benefit, he was able to pay down a sizable portion of his business line of credit .
While ROBERT was unable to work for a total of 4 months, the benefit was paid for 3 months due to the 30-day elimination period. Although the business closed for 4 months, ROBERT was still able to continue paying the salaries of his employees, while also covering his personal, business and other financial obligations. Additionally, with his Critical Illness benefit, he was able to pay down a sizable portion of his business line of credit .
The example given here is a short summary of the coverage and conditions in the contract and is, therefore, incomplete. Please refer to your contract. It is important that you read and understand it.
Robert's Monthly Premium: $313.79A small cost that can be a BIG Help!
Total Cash Benefit Received:
$131,500