[et_pb_section fb_built=”1″ fullwidth=”on” _builder_version=”4.9.10″ _module_preset=”default”][et_pb_fullwidth_header title=”Insurance Planning” text_orientation=”center” background_overlay_color=”RGBA(0,0,0,0)” _builder_version=”4.9.10″ _module_preset=”default” hover_enabled=”0″ background_enable_image=”off” background_color=”#175940″ title_text_shadow_style=”preset5″ title_line_height=”4em” height=”353px” sticky_enabled=”0″][\/et_pb_fullwidth_header][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.9.10″ _module_preset=”default”][et_pb_row _builder_version=”4.9.10″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.9.10″ _module_preset=”default”][et_pb_text _builder_version=”4.9.10″ _module_preset=”default”]<\/p>\n
Most people buy life insurance to replace the income that would be lost if a wage earner passed away. Life insurance proceeds are tax-free so it can play a role in estate planning, cash accumulation, retirement funding and the transfer of wealth to beneficiaries. Meeting the needs of my clients\u2019 objectives often involves the use of insurance products.<\/p>\n
There are quite a few types of insurance on the market today, giving you a wide range of insurance programs tailor-made for specific protection requirements. The cost of a policy and the features it offers can very tremendously depending on the type of insurance you choose.<\/p>\n
Here are some examples of different types of insurance plans available to my clients.<\/p>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.9.10″ _module_preset=”default”][et_pb_column type=”1_2″ _builder_version=”4.9.10″ _module_preset=”default”][et_pb_toggle title=”Life Insurance” open_toggle_text_color=”#005941″ icon_color=”#005941″ use_icon_font_size=”on” icon_font_size=”24px” _builder_version=”4.9.10″ _module_preset=”default” title_text_color=”#005941″ title_level=”h6″ title_font_size=”16px”]<\/p>\n
Insurance provides a lifetime of protection to meet the clients’ many needs of estate planning and risk management. This often involves a wide range of insurance programs tailor-made for specific protection needs.<\/p>\n
Life Insurance provides safety, security and peace of mind for the ones we love. It is commonly used to:<\/p>\n
[\/et_pb_toggle][et_pb_toggle title=”Disability Insurance” open_toggle_text_color=”#005941″ icon_color=”#005941″ use_icon_font_size=”on” icon_font_size=”24px” _builder_version=”4.9.10″ _module_preset=”default” title_text_color=”#005941″ title_level=”h6″ title_font_size=”16px”]<\/p>\n
Designed to replace the earned income that is lost when an illness or an accident causes a prolonged disability. Disability is often the insurance most forgotten as a personal insurance need. It is a crucial part of planning your personal risk management strategy or business risk strategy that may occur as a result of a long-term disability of a key employee.<\/span><\/p>\n [\/et_pb_toggle][et_pb_toggle title=”Critical Illness Insurance” open_toggle_text_color=”#005941″ icon_color=”#005941″ use_icon_font_size=”on” icon_font_size=”24px” _builder_version=”4.9.10″ _module_preset=”default” title_text_color=”#005941″ title_level=”h6″ title_font_size=”16px”]<\/p>\n As medical science continues to improve, more people are surviving critical conditions. Unfortunately, that survival often comes with costs. Critical Illness Insurance is a relatively new product to Canada and is designed to provide financial support to clients who are diagnosed and surviving at least 30 days, of one of a number of critical conditions including heart attack, stroke, or cancer.<\/p>\n Critical Illness Insurance Funds are not tied to any loss of time from work nor any direct medical costs. The money can be utilized as you see fit.<\/p>\n Critical Illness Insurance products will vary slightly including conditions and definitions. They may also vary in features including some that provide full refunds if you are covered under the plan for a set period and do not suffer a critical illness.<\/p>\n [\/et_pb_toggle][et_pb_toggle title=”Long-Term Care” open_toggle_text_color=”#005941″ icon_color=”#005941″ use_icon_font_size=”on” icon_font_size=”24px” _builder_version=”4.9.10″ _module_preset=”default” title_text_color=”#005941″ title_level=”h6″ title_font_size=”16px”]<\/p>\n LTC affords your retirement a financial backbone and the purpose of implementing a plan is so that you can enjoy living your life fully, with the financial means to do so.\u00a0 This type of insurance provides benefits to pay the cost of health and personal care services for someone who becomes unable to care for themselves.<\/p>\n The basic coverage will fund health and personal care services for an insured person residing in a long-term care facility. You can also purchase additional coverage that would pay for home care provided in the comfort of the insured person’s own home. Home care also includes help with everyday tasks such as cooking, cleaning and shopping.<\/p>\n Depending on the plan selected, a policy could specify that benefits be paid for one year, two years, five years, or for the insured person’s entire life.<\/p>\n Facility Care<\/strong><\/span><\/p>\n Provides a daily income benefit for every day that the insured person requires health and personal care services within a long-term care facility.<\/p>\n Home Care<\/strong><\/span><\/p>\n An optional benefit purchased in addition to Facility Care insurance. This benefit pays for the cost of home care for an insured person. Home care is defined as a medically necessary long\u2013term care program, recommended by a physician and provided by a licensed nurse or health care worker in the insured person’s own home.<\/p>\n [\/et_pb_toggle][et_pb_toggle title=”Enhanced Healthcare” open_toggle_text_color=”#005941″ icon_color=”#005941″ use_icon_font_size=”on” icon_font_size=”24px” _builder_version=”4.9.10″ _module_preset=”default” title_text_color=”#005941″ title_level=”h6″ title_font_size=”16px”]<\/p>\n Health and dental insurance<\/strong><\/span><\/p>\n An important part of financial planning is ensuring you have comprehensive health and dental coverage in place. If you\u2019re retiring, changing jobs or self-employed, we have solutions for you.<\/p>\n What is it?<\/strong><\/span><\/p>\n If you don\u2019t have coverage under a group benefits plan, or you\u2019re losing coverage, an individual health plan can help ensure you and your family have access to prescription drug, dental, hospital, vision, paramedical and ambulance services. Better yet, these plans have no termination age.<\/p>\n How does it work?<\/strong><\/span><\/p>\n Individual plans cover you and your family for many of the services not covered by your provincial health care plan. In fact, coverage provided is similar to that of a group benefits plan. There is a choice of plans to suit your needs.<\/p>\n [\/et_pb_toggle][et_pb_button button_url=”https:\/\/ljcfinancial.ca\/contact” button_text=”Contact Us” _builder_version=”4.9.10″ _module_preset=”default”][\/et_pb_button][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.9.10″ _module_preset=”default” background_image=”https:\/\/ljcfinancial.ca\/wp-content\/uploads\/2022\/03\/financial-services-683×1024.jpg”][et_pb_image src=”https:\/\/ljcfinancial.ca\/wp-content\/uploads\/2022\/03\/3-1.jpg” title_text=”3″ _builder_version=”4.9.10″ _module_preset=”default” hover_enabled=”0″ sticky_enabled=”0″][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" Most people buy life insurance to replace the income that would be lost if a wage earner passed away. 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