Insurance

There are words of wisdom in the old joke: "People who live in glass houses should take out insurance." Capital Estate Planning shares this understanding.

In a sense, we all live in glass houses; life is just that fragile. Unexpected crises such as accidents, illnesses and premature death can cause serious financial difficulties. It is imperative, then, that adequate insurance is secured either to replace or to maintain existing income streams in order to assure the financial security of you and your loved ones. After an event, nobody wants to hear, "We didn't have insurance."

On the other hand, if we are lucky enough to avoid unexpected crises, we find that we are, on average, living longer. Recent studies show that a 65 year old man can now expect to live to age 80 and he can expect to be disabled for 7 of those 15 retirement years. A 65 year old woman can now expect to live to age 84 and she can expect to be disabled for 10 of those 19 years. These realities have enormous implications for our health care systems, and they outline an even greater need for private insurance.

To help you in your decision, our group insurance options are listed below:

» Life Insurance
» Group Health and Dental Plans for Individual Families
» Heart, Stroke and Cancer Insurance
» Long Term Care Insurance

Life Insurance
Life Insurance is designed to provide for your family at a time when they need it most. Although the details of the various types of life insurance differ, they all provide a sum of money to a specified beneficiary upon the death of the individual to which the policy applies. Because the needs of each family differ, Capital Estate Planning offers the following types of life insurance:

• Term Insurance - 5, 10 or 20 Year Renewable
  Often used for one of two purposes: to cover a temporary need or to cover a permanent need temporarily. The advantage of this type of coverage is that it is inexpensive to start and easy to understand.
• Level Term to Age 100 Insurance
  Level Term to Age 100 Insurance provides the lowest option for permanent life insurance coverage. It offers guaranteed level premiums for life without interest rate sensitivity, is simple to understand, and may provide some cash and / or reduced paid up values.

Group Health and Dental Plans for Individual Families
Knowing that governments are continuing to cut the medical services covered by provincial health plans, Canadians need to protect themselves not only against unexpected medical expenses, but also against the rising costs of regular day-to-day health and dental services. We offer Health and Dental Plans that give you the security of knowing your health care benefits will be there when you really need them.

Heart, Stroke and Cancer Insurance
Advances in medical technology have made it possible for us to survive illnesses that once led to early death. The Canadian population is demanding more from its health care system, yet at the same time, our government has cut funding. Heart, Stroke and Cancer Insurance pays a lump sum of tax-free cash if an insured individual is diagnosed with one of these critical illnesses.

Heart, Stroke and Cancer coverage is discretionary once you are diagnosed, but it may help in:

• Providing appropriate care, when and where you decide
• Covering medical expenses not covered under provincial health care
• Replacing reduced earnings
• Adapting your home to meet your health needs.

Long Term Care Insurance
Long term care insurance gives you the financial resources to help you preserve your assets and your retirement savings. It helps you maintain your lifestyle and financial security by providing you the resources you need to remain independent, even in the face of a serious health setback. At the same time, it gives your children an alternative to providing you with the care themselves, and protects your estate for your beneficiaries. Most importantly, it gives you options, so that you can make decisions about personal care that are best for your particular needs.

Long Term Care insurance provides a daily benefit if you lose the ability to care for yourself, and require the services of professional assistance at home or care facility. It offers you these advantages:

• An affordable way to pay the monthly cost of long term care.
• Select care in the setting that is most convenient and suitable for your needs, or receive professional attention in your own home, if you prefer.
• Helps you pay for medical expenses that may be only partially subsidized by provincial health plans.
• Benefits paid directly to you, regardless of government health care aid you may receive.

For more information, please contact our office in Edmonton or Calgary. An advisor would be happy to help with these very important decisions.