Whether you’re nearly or newly retired, it’s important to think about your life and health insurance plans, particularly if you’ve relied for coverage from your former employer and it’s no longer available.
A Credential Insurance policy can help plan and provide financial security for this stage of your life.
There are several types of insurance you can consider.
Health and dental insurance
Health insurance covers the costs not provided by provincial health coverage. Costs covered by health insurance include, prescription medications, medical supplies, vision care, dental care and medical coverage if you are travelling. It will also cover extended hospital stays and special home care.
Critical illness insurance
At times when there is a diagnosis of serious conditions such as cancers, heart attack, stroke or coronary bypass, critical illness insurance can give you extra resources.
It pays a tax-free cash lump sum if you are diagnosed with a condition covered by the policy. You may use the cash any way you want. Pay for treatments, equipment and expenses or to spend it on a family vacation.
Long-term care insurance
You could need long-term care insurance. With longer life expectancies, lower investment returns and the rising costs of nursing care may deplete your retirement savings.
When you are unable to care for yourself, long-term care insurance provides money for stays in nursing homes and chronic care facilities, or for the services of an in-home caregiver.
Life insurance
Protecting your wealth into your retirement is important for your family. Although you may already have life insurance coverage, over time your needs are likely to change as you acquire more assets and the ones you currently have increase in value.Â
Think about life insurance planning as part of your financial plan. We can help you review your current situation and your family’s needs in the event of your death.
Retirement income inadequate?
If you’re one of those Canadians who struggle to save for your retirement or with meeting your current and future expenses due to inadequate or no pension income, don’t worry.Â
A Credential Financial Strategies Insurance Planning Specialist will work with you to develop a plan for your financial security, helping achieve your retirement dream. We are experienced in meeting your needs as these evolve over time and we’ll support you through the changes.Â
What is Credential Financial Strategies?
Credential Financial Strategies Advisors operate in association
with credit union branches, such as Meridian - bringing their expertise
and advice to the community level and over 1 million customers.
Talk to a Credential Financial Strategies Insurance Planning Specialist today.
Accomplishing your goals is our priority.
Phone: 905-934-0094
Toll Free: 1-866-679-0589
Fax: 905-934-8049
Become a Member. New to Meridian and want to become Member?
Join now and find out about the benefits of becoming a Meridian Member.Â
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Contact Centre 1-866-592-2226 or
email.
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Find a Meridian branch. There are 44 of branches conveniently located in a neighbourhood near you.
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Credential Financial Strategies Inc. is a member
company under Credential Financial Inc., offering financial planning,
life insurance and investments to members of credit unions and their
communities. ®Credential is a registered mark owned by Credential
Financial Inc. and is used under licence. Established in 2001,
Credential® Insurance Services is jointly owned by Credential Securities
Inc. and Credential Asset Management Inc.
