It's hard to talk about illness because you don't want it to happen to your loved ones and you don't want anyone around you getting sick. In the past years, unfortunately, we lost family members to cancer. One of them was in excellent shape and we never saw it coming. He had to battle cancer for years. When a person is critically sick, it has drastic effects on families, not only mentally, but also financially. It does change your lifestyle and you will encounter unexpected expenses.
I remember when my husband and I got married, years ago, we had a dream of owning a house one day. The first couple years of our marriage we rented homes and we put some money aside in a savings account for our down payment. All I could think about was having a property in our name to raise our family of three children. It took five years of savings before we were ready to enter the housing market. I was so excited, and at the same time, so nervous to be making such an investment. I definitely lost some sleep over it. You know that feeling of having knots in your stomach, because you're not sure you're making the right decision, and you don't want to forget anything the day you sign the important documents in the lawyer's office? We were borrowing a lot of money and one of the things that crossed my mind was: what if one of us becomes sick and we can't make our payments for our mortgage? We were young and healthy, but you never know what could happen. Even if you do feel great one day, your health can change pretty quickly at times, and you could be diagnosed with something completely unexpected.
If you have, great! If not, we should talk about it in case you want coverage if you are ever diagnosed with one of these three critical illnesses: Cancer (life threatening), Acute Heart Attack, or Stroke. These diseases are very serious and could impact your financial freedom.
When you get the TD Mortgage Critical Illness Insurance, which is only available with TD Mortgage Insurance, it provides a benefit that you receive while you're alive and that can pay up to $500,000 on your TD mortgage. That way, you can focus on other important things like recovery, health and family. That's a big weight lifted off your shoulders because you might encounter unexpected expenses like medical equipment, child care, physical therapy, and more. With these two insurances combined, you will have an excellent insurance coverage.
What are the odds of surviving a critical illness you may ask? Fortunately, thanks to medical science, those who are affected beating these illnesses like never before, so chances are that you will recover. That's great news, but it could be even better news if you get the proper coverage for your mortgage. Some of you like facts, so I'm going to add that one in two women and men in Canada have good chance of being diagnosed with cancer, heart attack, or stoke. That's why it is very important to be well protected.
If you'd like more information about the TD Mortgage Critical Illness Insurance like cost, payments, how to apply or any other questions you may have, please visit the TD Canada Trust website. They have a team of experts that can answer your questions and assist you. Share this information with your friends and family, they might thank you one day!
Disclosure: ''This post was sponsored by TD Insurance as part of the #InsuranceThatFits blogger program. The opinions on this blog, as always, are my own''