Protect your home and family
You've taken the time to find the right financing options for your education and your mortgage. Now take the time to choose the right debt protection for you, your family and your home.
Your salaried MD advisor can help you choose flexible and affordable insurance solutions today that will ensure your future goals of building and protecting your wealth are not compromised.
Learn more about your debt protection options
MD Financial provides a pressure-free environment to meet face-to-face and discuss difficult topics such as the financial consequences of dying too soon, recovering from a critical illness or becoming disabled.
Managing with a disability
Your ability to earn an income is your most valuable asset. Ask yourself:
- Could you meet your daily financial needs if you were unable to work?
- How would your family cope?
- Could you cover your debts?
- Could your medical practice survive if you were disabled, or would you be forced take other measures to meet your financial obligations?
- Will your retirement plan remain intact if you become disabled?
Disability income insurance can provide a much-needed source of funds while you rework your life and career plan. It can also save you from having to cash in RRSP or other investments earmarked for retirement or other future needs.
A variety of income protection options and benefits are available to you in the event that you become disabled.
Your MD advisor can help make sense of the different income protection options and benefits available and can help you tailor your disability coverage to your specific situation.
Coping financially with a death in the family
An unexpected death in the family is devastating to family members. Protect them from the additional stress of managing their finances during this difficult time by providing a financial safety net.
Ensure your family has the financial resources in the event of your death to:
- Cover immediate expenses;
- Cover a major financial commitment such as a mortgage or loan;
- Ensure your family's quality of life is not compromised financially;
- Safeguard the family's assets from being liquidated to pay estate taxes;
- Provide resources for children's or grandchildren's future;
- Put a foundation in place to help achieve future financial goals.
Life insurance is one of your most personal and important buying decisions. A carefully considered purchase today can benefit you while you are living, and help those you care about after your death.
Many types of life insurance are available. The options to choose from depend on your short-term needs as well as your long-term wealth management goals.
Your MD advisor can help make sense of the different options and can help you tailor your life insurance coverage to your specific situation.
Recovering from a critical illness
You know better than most the significant costs of coping with a critical illness: recovery costs can involve losses to personal wages and savings plans, and create added childcare expenses as well as costs for care and treatment.
Protect yourself and your family from the stress of managing your finances during this difficult time by providing a financial safety net.
- Will your finances remain intact if you're diagnosed with a critical illness?
Surviving a critical illness is another financial security risk you must consider.
- Do you have the financial resources in place to fund a potentially long recovery process?
Critical illness insurance provides a lump-sum payment if you're diagnosed with one of the covered conditions, as defined in your policy. You can use the money as you please to pay your mortgage, pay down debt, pay for childcare, seek alternative medical care not covered by private or government health care plans, or even take a vacation.
Your MD advisor can help make sense of the many benefit options available to you and the definitions of covered conditions.
To learn more, contact your MD advisor.
Don't have an MD advisor? Find one in your area.
