Coverage in Addition to Government Plans
Provincial Medical plans and Government disability plans such as Employment Insurance (EI), Canada Pension Plan (CPP) and Workers’ Compensation Board (WCB) are designed to provide basic coverage in the event of an illness or an injury. A properly designed benefit plan created by a financial planner will enhance government plans and provide additional funds to add to your security should a need arise.
So what assistance is available other than relying on one’s own resources, when the time comes where people can no longer look after themselves, since most people want to be able to stay at home when this happens? One can rely on government or so they think. Read more about planning with insurance.