Critical Illness Insurance… it’s not just for adults anymore
Insurance for children might not seem necessary, but if you have children, consider how your life might be impacted if your child was stricken with an illness. Not only may there be expensive medical bills, parents may also have to take time away from work to help tend to their child.
A child’s Critical Illness insurance policy will also provide the child with up 5 additional illness coverages that adults do not get offered. This includes Type 1 diabetes, cerebral palsy, congenital heart disease, cystic fibrosis and muscular dystrophy. You can also add a return of premium rider on the policy so that when the child turns 25, he/she can receive a refund of 75% of the premiums paid to that point.
If you would like to know more about how to protect your child from illness, please contact Jon Glougie.
This information has been prepared by Luft Financial. Opinions expressed in this article are those of Luft Financial only and do not necessarily reflect those of iA Private Wealth. Furthermore, this does not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors.
How do we elevate your wealth?
It begins with understanding your needs and creating a comprehensive and tailored financial plan to help reduce tax, manage risk and grow your portfolio over the long term. Learn more about how we help you achieve financial security and peace of mind.
News & commentary
December 2024 Portfolio Management Team Update
December 2024 Portfolio Management Team Update By Elvis Picardo, CFA®, CIM, Senior Portfolio Manager, iA Private Wealth December 18, 2024 Market Review Global equities turned in a mixed performance in November, as the “Trump Trade” drove North American indices to new highs, while European markets fell amid growing political uncertainty. The TSX Composite surged […]
Read more
November 2024 Portfolio Management Team Update
November 2024 Portfolio Management Team Update By Elvis Picardo, CFA®, CIM, Senior Portfolio Manager, iA Private Wealth November 22, 2024 Market Review Global equities briefly paused their rally in October ahead of the U.S. Presidential elections, before the “Trump Trade” drove U.S. indices to new highs this month. The TSX eked out a 0.65% gain […]
Read more
October 2024 Portfolio Management Team Update
October 2024 Portfolio Management Team Update By Elvis Picardo, CFA®, CIM, Senior Portfolio Manager, iA Private Wealth October 3, 2024 Market Review Global equities advanced to new highs last month to cap a volatile quarter, as interest rate cuts by major central banks boosted optimism for a soft landing despite mixed economic data. The TSX […]
Read more