Insurance for families

When we become parents, there is so much to learn and to do that when it comes to making sure the finances are in order , it can be overwhelming, especially because there’s so much information floating online. What can you trust!? Money Mama has your back, our licensed advisors have your finances as our #1 priority. We’re here to guide you through the different options.

Health

Fortunately in Canada, the healthcare system pays for basic healthcare services for Canadian citizens and permanent residents. However, not everything healthcare related is covered, in reality, 30% of our health costs* are paid for out of pocket or through private insurance such as prescription medication, braces, dental, glasses, physiotherapy, etc.. Moreover, if you travel outside of Canada, medical emergencies can be extremely expensive.

Disability

Most people spend money on protecting their home, car and belongings but it’s easy to forget to protect the most important thing of all: Your ability to make a living.

If you can’t make a living, how can you keep your business running; how can you provide for your family? Unfortunately one in three people will be disabled for 90 days or more at least once before the age of 65.

Disability insurance can provide a monthly income to help you and/or your business running.

Critical Illness

Most of us know someone who has gone through a critical illness such as a heart attack, stroke or cancer. Almost 3 in 4 (73%) working Canadians know someone who experiences a serious illness. The good news is that most of us survive it 63% of Canadians are expected to survive for five years or more after a cancer diagnosis and sadly at a big cost. Getting diagnosed with an illness may mean having to pull from savings to pay for additional treatment costs, prescription medication, extra help such as babysitting and nursing care at home. Critical Illness insurance provides a lump sum payment so you can focus on your recovery and not worry about looking at your savings depleting.

Life

I always said that this “insignificant” piece of paper comes to life when someone passes away because it is then, that you can see the support it creates for your loved ones. No one can buy peace of mind like life insurance provides, because it replaces your income, pays off your debts, can help your spouse to pay for the kids’ education and not feel that she/he need to do it alone. Your memory will forever continue to carry your family forward beyond you being physically there.

Talk to money mama to make sure you and your family are protected