Client Success Stories – Ashley
Client Facts
Client Information: Ashley (age 35)
Client Needs & Wants: Health insurance to protect her in the event she gets diagnosed with a serious illness or disease.
Problem
Ashley is in her mid-30’s without any financial dependents. To date, she has a clean bill of health, but she has family history of cancer and other life-threatening diseases, so she knows not to take her health for granted. Furthermore, a co-worker of hers was just diagnosed with cancer and Ashley witnessed not only the emotional and physical toll it took on her, but the massive financial impact as well. Ashley approached us to discuss insurance options to protect against cancer and other illnesses.
Solution
At our first meeting with Ashley, we reviewed her workplace Group Benefit Plan to see what sorts of coverage she has in place. Although she is offered Disability Insurance, her employer did not provide Critical Illness Insurance, which is the exact solution to address Ashley’s concerns. Critical Illness pays a lump-sum, tax-free benefit if the insured is diagnosed with one of the 26+ covered conditions, such as heart attack, stroke, cancer, multiple sclerosis, etc. Because Ashley has a clean bill of health, getting approved for the insurance was a quick process. Ashley has provided herself with a financial security product that can serve as a life-raft if she ever gets seriously sick. She will not need to rely for financial support from others, sell assets or drain her savings accounts to fund the high costs associated with getting critically ill. That immense sense of control has Ashley feeling satisfied with the proactive decision she made to work with us and secure a Critical Illness policy.
Contact Jeff Graham at (604) 363-7549 or jeff@firstoakfinancial.ca for more information on Critical Illness Insurance.
DISCLAIMER: the client name has been changed to protect their identity.