Critical Illness Insurance - What The Experts Own:

News from 2015

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Critical Illness Insurance Expert: Kelsey Blinkhorn

Kelsey Blinkhorn GBA, CHS, CPCA Blinkhorn Benefits Group 1. What Type of Critical Illness Insurance Do You Own? I own a non-cancellable, level premium to age 75 policy with a face amount of $100,000. My policy includes both return of premium on death and return of premium on surrender. 2. What Factors Did You Consider When Determining The Coverage Amount I purchased my policy at age 23. At the time, I determined the appropriate amount of coverage was between 1x and 2x my annual ...
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Kevin Cahill | Founder of Canadian Legacy Builder

Kevin Cahill Canadian Legacy Builder Kevin Cahill, B.Sc.(Hons), CFP, CHS, CLU, EPC Founder, Canadian Legacy Builder 1.What type of Critical Illness insurance do you own? I own $250,000 face amount of coverage to age 75. 2.What factors did you consider when determining the coverage amount? In November 2001, my soon to be father-in-law's mother passed away. She was in her 70's when she was diagnosed with a brain tumour. Three months later my father-in-law, who was a business owner, ...
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Sean Cooper | Pension Analyst and Financial Journalist

Sean Cooper Pension Analyst and Financial Journalist 1. What Type of Critical Insurance do you own? Like a lot of companies, my employer offers optional critical illness insurance. I’m able to take advantage of low group rates. I can apply for up to $200,000 in coverage. My plan covers 25 critical illnesses, including blindness, cancer, heart attack, kidney failure and stroke. 2. What factors did you consider when determining the coverage amount? I decided against buying ...
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Brian So | Insurance Advisor, Brian So Insurance

Brian So Insurance Advisor at Brian So Insurance 1. What type of critical illness insurance do you own? I own a term-10 policy with $100,000 of coverage. 2. What factors did you consider when determining the coverage amount? I first considered the cost of income replacement should I be away from work while receiving treatment. I also considered medical expenses not covered by Medical Services Plan (MSP). 3. Do you think people underestimate the importance of critical illness ...
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Mark Seed | Editor-in-chief of My Own Advisor

Mark Seed Editor-in-chief ofMy Own Advisor 1. What type of Critical Illness insurance do you own? My wife and I don’t own critical illness insurance. However, my employer provides coverage for, basic life insurance, long-term disability coverage and business accident travel insurance.I hope I never use any of these benefits through work. I recall that my disability insurance is 67% employer-paid and 33% employee-paid. 2. What factors did you consider when determining ...
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