Live Well - What does it cost?

To understand the true potential cost of an illness to your emotional and financial well-being, we can look at the true-to-life scenario in Lisa's story...

Woman with worried expression and hand on her head

Lisa's story

	“Lisa” is 38 years old, married and has a son who just turned 14.
	she puts $200 into an RRSP each month
	right now, her RRSP savings total $100,000.
	if she continues the payments and doesn't make any withdrawals, at age 65 she'll have total RRSP savings of $812,661*.

Tragically, at age 49...

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How would you fare in Lisa's situation?

Estimate the amount you'd want to fund your recovery. Then enter that coverage amount into our loan calculator and RRSP withdrawal calculator. Can you afford not to get critical illness insurance?

And there's more.

Also good to know

Some critical illness insurance plans return some or all of the premiums you paid if you don't end up needing to make a claim. It's something to think about if you're putting money into a savings account each month. Your money accumulates either way - but the savings account won't pay out a lump sum benefit to you if you get sick. This feature is known as “return of premium”. It's available on the more comprehensive plans.

Now what?

Now that you're informed, it's up to you. You could:

Research your options - Look at the various plans that are available. Simple plans might cover the four critical illnesses with the highest incidence rates - cancer, heart attack, stroke and coronary artery bypass surgery. Comprehensive plans cover many more illnesses, such as Alzheimer's disease and Multiple Sclerosis.

Some poems don't rhyme, and some stories don't have a clear beginning, middle and end. Life is about not knowing, having to change, taking the moment and making the best of it without knowing what's going to happen next. Delicious ambiguity.
~ Gilda Radner

Consult with an advisor - An advisor can help you determine if this is the right insurance for you, and which plan is best for your personal situation. If you prefer, call our customer service centre at 1-888-864-5463 (select your language, then option 9) and they will arrange for an advisor to contact you.

Thank you for visiting Live Well. We hope you found the information valuable, and that it helps you to complete your mission in life, whatever your dreams and goals may be.

Don't forget to request your free copy of “Live Well – A Woman's Guide to Optimum Health”!

You can find more information on women's health issues in these links of interest.

* at an assumed rate of growth of 7%