Critical illness insurance is a type of insurance policy that provides financial protection to individuals who are diagnosed with a critical illness such as cancer, heart attack, stroke, or kidney failure.

This insurance policy provides a lump sum payment to the policyholder upon the diagnosis of the covered illness. The lump sum payment can be used to cover medical expenses, living expenses, or any other expenses that may arise during the recovery period.

Critical illness insurance is an important type of insurance to consider, as it can provide much-needed financial support during a difficult time and can help alleviate the financial burden that often accompanies a serious illness.

Some insurance policies require a medical evaluation before the policy is issued, but not all policies do. For example, life insurance policies that have a small death benefit or are issued to younger individuals may not require a medical evaluation. Additionally, some insurance policies, such as auto insurance or homeowner's insurance, typically do not require a medical evaluation. However, it is important to note that insurance companies may still consider an individual's health status or history when setting premiums or determining coverage.

When purchasing insurance, it is important to understand the terms of the policy and the risks that it covers. Insurance policies typically have deductibles, which are the amount of money that the policyholder must pay out of pocket before the insurance company will pay for any claims. Additionally, insurance policies may have exclusions, which are specific events or circumstances that are not covered by the policy. By understanding the terms of their insurance policy, individuals can make informed decisions about their coverage and ensure that they are adequately protected from financial risks.

If you are in a situation where your medical history may preclude you from accessing traditional insurance products, give us a call and we can help assess what other insurance options may be available to you.

Mortgage term insurance is a type of life insurance policy that is specifically designed to pay off your mortgage in case of your unexpected death. This insurance policy provides peace of mind to homeowners who want to ensure that their loved ones can continue to live in their home, even if they are no longer there to provide for them. The way it works is simple: you pay a monthly premium to the insurance company, and in exchange, they promise to pay off your mortgage if you die before the end of the policy term. This policy is usually purchased in conjunction with a mortgage, and the term of the policy is usually the same as the term of your mortgage.

One of the benefits of mortgage term insurance is that it is typically less expensive than other types of life insurance policies, such as whole life insurance. This is because the coverage is only for a specific term, and the policy only pays out if you die during that term. This means that the risk to the insurance company is lower, and they can offer lower premiums to their customers. Additionally, mortgage term insurance is relatively easy to obtain, as it does not require a medical exam in most cases. This can be helpful for individuals who may have health issues that would make it difficult for them to obtain other types of life insurance.

Estate planning is the process of arranging for the management and disposal of a person's assets after they pass away. It involves making important decisions about who will inherit their property, who will manage their affairs in case of incapacity, and who will make medical decisions on their behalf. Estate planning is important because it can help ensure that a person's assets are distributed according to their wishes, minimize taxes, and avoid family disputes. Some common estate planning documents include wills, trusts, powers of attorney, and advance medical directives.



Insurance can play a role in estate planning by providing a source of liquidity to pay for estate taxes, debts, and other expenses. For example, a person may purchase a life insurance policy that pays out a death benefit to their beneficiaries upon their passing. The proceeds from the policy can be used to pay for estate taxes or other expenses, ensuring that the person's assets can be distributed according to their wishes. Similarly, a person may purchase long-term care insurance to cover the cost of medical care in case they become incapacitated. By having insurance in place, a person can help protect their assets and ensure that their loved ones are taken care of after they pass away.

An annuity is a financial product designed to provide a steady stream of income for a specified period or for the rest of one's life. It is typically purchased through an insurance company or a financial institution and involves a contract in which an individual makes payments or invests a lump sum of money in exchange for future payments. There are different types of annuities, including fixed, variable, and indexed annuities, each with its own set of features and benefits. Fixed annuities offer a guaranteed rate of return and a fixed income stream, while variable annuities allow for investment in various financial instruments and provide the potential for higher returns but also greater risk. Indexed annuities offer a guaranteed minimum interest rate and a potential return linked to a market index. Annuities can provide a predictable source of income in retirement, which can be especially valuable for those concerned about outliving their savings.

Annuities can be a useful tool for retirement planning, as they offer a way to convert a lump sum of money into a guaranteed stream of income. This can provide peace of mind and a level of security in retirement, as individuals know they will receive a regular income regardless of market fluctuations or other economic factors. Annuities can also help individuals manage their retirement income and expenses by providing a predictable source of funds. Additionally, some annuities offer tax benefits, such as tax-deferred growth or tax-free withdrawals, which can help maximize retirement savings. Overall, annuities can be a valuable addition to a retirement portfolio and should be considered as part of a comprehensive retirement plan.



Contact us to discuss Annuity options available that may suit your overall investment planning.