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December Newsletter |No one is immunefrom being diagnosed with a critical illness,but did you know you can reduce the emotional andfinancial fallout!

When you’re a parent, nothing is more important than your child’s health and well-being. With
critical illness coverage, you can insure your child and make sure you’ll have the
financial freedom to support them as you see fit if they’re diagnosed with a covered critical illness.

How does Critical Illness coverage work?
Are 2 types of critical illness insurance to protect your insured child. You’ll receive a
tax-free benefit if your child is diagnosed with a critical illness covered by the policy. You can use the money however you see fit.

Why would you need critical illness insurance?

To take time off work to be at your child’s bedside
when they need you most
To get prescription drugs or access specialized
treatments that aren’t covered by the public health
plan or your employer’s insurance plan
To pay for private-sector or international medical
treatment
To cover unexpected expenses such as travel,
accommodations and hospital parking
To protect your child’s insurability
Who should get a child Critical Illness coverage?
Critical Illness for a child is a product of interest for parents and grandparents who want coverage for their child or grandchild.
Which illnesses are covered?
Depending on the product and options you choose, Health Priorities can cover your child for
up to 32 illnesses and conditions. When the insured child is diagnosed with a condition
that meets the policy definition, you’ll be entitled to a benefit payment of up to 100% of
your insurance amount.
You’re free to use the money as you see fit, for example, to pay for healthcare outside
Canada or to hire help around.
the house so that you can give the child all your attention as they recover.
In addition to covering 26 critical illnesses,
also provides provides partial payment (an advance) for some illnesses and conditions
that don’t meet the definitions of the 26 covered illnesses. The amount of these payments
varies between 1% and30%. You can receive up to 5 payments

November Newsletter |You know what to do if you’re a beneficiary of an a policy?

What is a life insurance beneficiary?
A beneficiary receives any money paid out by an insurance claim.

What if your beneficiary is not an adult?
If you name a beneficiary who is not yet legally an adult, you should also name a trustee who will administer the payout until they come of age. if you do not name a trustee then your province will administer the payout until your beneficiary comes of age. If you are a beneficiary, you have a job to do when your loved one passes away. On top of your grief. You must notify a long list of people, companies, and government departments. You must confirm where his money was, when his bills were due and how much he owed. You have the funeral to plan. Will felt so complicated that it could have been overwhelming to figure everything out. But one necessary task turned out to be simple and straightforward: filing a life insurance claim.

Maybe you’ve never done it before, and you don’t know what to expect. You can use this money to replace lost income if the person who died (such as a spouse) helped pay your bills, school, special needs.
What did I need to file a life insurance claim?

A short, signed form with a seal called a death
certificate. The funeral director provided several
copies. If a funeral director isn’t involved in your
case, your provincial or territorial government can
provide copies.
The policy itself, or an annual policy
statement. The key item on this document was the
policy number.
The claim form. You can downloaded it from the
insurance company’s website.
Always you can contact your insurance agent.
When did I file the life insurance claim?
As soon as I had the documents I needed, I filed a claim. (It felt soon, frankly, but we needed the
money to pay for his funeral).
How long did it take the insurance company to pay the life insurance claim?
Insurers will pay claims in anywhere from a few days to a few months. You may be able to ask
for an electronic funds transfer is faster than a check.
Did I have to pay tax on the death benefit?
No. The death benefit from a life insurance policy is tax-free.
For more information visit my Linktr.ee or call me at (647) 823-1053 to get your FREEconsultation today. Best Regards, Lineth Orea

October Newsletter | “how much is enough?” and “how longwill I need to keep this life insurance coverage?”

It’s a difficult question that most Canadians struggle with, but we’re
here to help.
It’s a difficult question that most Canadians struggle with, but we are
her to help. Life insurance is a necessity if your family depends on your
salary for housing expenses, servicing debt, and general living.

The simple life insurance needs calculation
O L oans and Liabilities
O I ncome replacement
O F inal Expenses
O E ducation funds

This total amount is your minimum HLV!
Human Live value.
How long should you keep life
insurance?
You want the policy to continue until your last major obligation is taken care of. So, the
duration of your financial commitments will generally determine how long your term life
insurance policy should last. Your family is unique — your life insurance should be, too.
Term life insurance can make sense if you want to be covered for a set period, during
which your beneficiaries will receive money to help replace your income if you die.

For more information visit my https://linktr.ee/linethorea or call me at (647)
823-1053 to get your FREE consultation today. Best Regards, Lineth Orea.

September Newsletter | Life insurance insures one’s life, not their death.

It would be more accurate to say life insurance insures one’s life against death.
Some life insurance policies can offer both death and living benefits. A living benefit rider allows you to tap into your policy’s death benefit while you’re still alive. This type of rider can be beneficial in situations where you’re terminally ill and need funds to pay for medical care. Life insurance is a way to protect the financial future of your family or business (and your own peace of mind).

There are different types of life insurance policies, but they all have one thing in common: they’re designed to protect your family. Permanent life insurance policies will allow you to access the cash portion of your account while you’re alive. Term life insurance, meanwhile, does not have a cash element for policyholders to access.

So, if you’re planning on using your life insurance as a backup cash resource you’ll want to avoid term policies.
For more information visit my Linktr.ee or call me at (647) 823-1053 to get a your FREE consultation today. Best Regards, Lineth Orea.

The Benefits of Life Insurance for Young Adults:

Common mistakes to avoid when buying life insurance

VOLUME I | MAY NEWSLETTERTerm life insurance vs. permanent life insurance:

Life Insurance

Life insurance provides much-needed funding when tragedy strikes, and being underinsured can be extremely risky. Some of the most common reasons to have life insurance include the following.

To Protect Dependents

If a spouse, children, or other loved ones depend on you, there’s a good idea to have life insurance….

If you’re a wage-earner in the family, your death would leave dependents without a vital source of income. The result could be a domino effect of financial hardships that last for years. This is because lost income makes it hard to save for goals like education.

Even if a family member does not earn an income, their death can have significant financial consequences.

To Pay for Funeral Costs

When somebody dies, there may be several expenses related to their death. In addition to any medical bills, you may incur final expenses, such as paying for a funeral, memorial, cremation, and more.

To Pay Off Debts

Life insurance proceeds can pay off debts that might otherwise leave your loved ones in a difficult position. Being debt-free provides significant relief if the household income drops or expenses rise from caregiving needs

To Protect Your Business

The death of a key employee or business owner can cause financial problems for your business, which is why many organizations use life insurance to manage risk.

Critical Illness for child

As a parent, you always do the best you can for your child. If your child is diagnosed with a serious illness like autism, type one diabetes, or cancer, would you not do everything within your power to help? You are spending your hard-earned cash to provide a healthy lifestyle and opportunities for your child.

Would you consider spending a few dollars more each day for protection from the dire consequences of a serious illness? Our health priority plans will provide you with a lump sum of tax-free cash in the event of your child is diagnosed with one of the covered conditions. Access to tax free cash can give you choices you do not normally have in a confined an overburdened medical system and help alleviate stress caused by:

• Taking time away from work • lost of income and lifestyle • taking care of your family and your sick child • trave for medical treatments Don’t let critical illness compromise your child’s future. Give your child every chance to enjoy life and realize their hopes, ambitions, and goals.

Lineth Orea Aguirre

Life and Health Insurance Advisor

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