Cancer, now that I have your attention
Yup, I am really talking about that, as Cancer’s ability to kill Canadians is rising, and Canadians are taking care of Cardiovascular issues more. Six out of every 10 deaths in Canada are caused by these two issues. Cancer is becoming more of a killer, is the bottom line for now.
So what the heck does this morbid topic have to do with Financial Planning issues? Maybe I’m just feeling morbid? No, but, if you look at this data, maybe you need to ask yourself the following important financial questions:
- Do I have enough life insurance so that my family can survive my death? Same question for your spouse too?
- Can my family survive financially a prolonged illness (as Cancer is capable of being)? Do I have any disability insurance?
- Do I have a will?
- Do I have enough health insurance to deal with a catastrophic illness?
If you are young and single, no it doesn’t matter that much, but if you are young and just married and planning on having kids, NOW, is the time to do this kind of stuff in place. No I am not selling insurance (and I am not advocating whole life insurance at all), but I am saying, go find out about what you need to deal with these concerning numbers about Cancer.
Hope for the best, and plan for the worst! (a wise saying). –c8j
Related Articles
- Best of: Cancer, now that I have your attention...
- Insurance: Paying for Something You Never Want to Use...
- Illness Follow Up and Telephony...
- Disability Insurance...
- Case Study: Rogers On Demand (new)...
Related posts brought to you by Yet Another Related Posts Plugin.
May 15th, 2007 at 4:10 pm
It’s critical illness insurance that’s needed. Unfortunately, Canadians buy very little.
August 18th, 2008 at 2:43 pm
I came across your blog and really am encouraged that you conversation about cancer and how it relates to finances is being discussed and brought to the attention of Canadians. I live in Kentucky, USA.
In July 2007 my wife Carrie was diagnosed with inflamitory breast cancer. After an aggresive treatment program she is doing well. Because I am a Certified Financial Planner (CFP) we were able to be properly prepared financially and navigate the confusion about what to do with finances and how plans and goals change with a cancer diagnosis. Unfortunately, many do not have the knowlege, nor do their professional advisors have and expertise or comfort level in advising in this area.
I would like to join with you for an even louder voice. Please link to my blog at http://www.allenfreeman.wordpress.com Also, http://www.PINKfinancial.com
thanks, allen and carrie