Phillips Financial Group

Insurance

Permanent Insurance

Whole life, Universal Life, Paid up Additions

Different products for different situations. All have advantages and disadvantages. An advisor can help you get the best product for your specific needs.

Term insurance

Inexpensive coverage for specific situations. It should not be mistaken for permanent insurance but, if you have the right coverage, it can be converted to permanent. Usually renewable as well but cost prohibitive.

Critical Illness Insurance

Possibly the most underutilized, yet the most likely scenario to occur, coverage you can buy. A lump sum payment to help you over the financial hurdles of a prolonged illness. Not to be confused with Disability Insurance.

Disability Insurance

This coverage is included with most health plans but for those who are self-employed, this could be the most important coverage you need. It supplies a monthly income while you are unable to work, either from health or sickness.

Health Insurance

If you do not have coverage through a group plan, a personal healthcare plan could keep you from worrying about health and dental costs that occur on a regular basis. Many options and strategies available in this area.

Travel/visitors Insurance

Possibly the best bang for your buck. An illness or accident abroad could seriously impact your finances for a lifetime. The right coverage can protect you from a devastating loss.

Long Term Care Insurance

One of the most underused coverages used in Canada. Wildly popular in the U.S. Have you had a parent or grandparent go into a long term care facility? Are you aware of the cost? Are you aware of the wait to get into a government facility? Time that a senior does not have to waste.