Think about it for a minute; if you were sick or injured and couldn’t work, would you still receive a full paycheque? Would your current health insurance cover all of the costs?

Recent statistics show that most Canadians would find it difficult to pay for added expenses and everyday costs if they were to miss even a single paycheque. Blue Sky Income Protection understands where traditional health insurance helps cover these costs, and where they fall short.

We are well-versed in the protection systems that most of our clients have access to, including Federal Employment Insurance, Provincial Workers Compensation, the Canada Pension Plan, and Group Disability insurance. We can explain these systems and show illustrations of exactly what our clients stand to gain or lose during a period of disability caused by accident or sickness.

Our Living Benefit solutions go beyond traditional disability insurance, offering a dynamic range of treatment-based benefits that are designed to pay quickly and easily; for individuals, or for families. We make sure our clients have cash in hand when they need it most!

If you developed cancer, or any other critical condition, do you have an emergency cash fund of 6 to 12 months of income to help cover the non-medical expenses?

Most Canadians feel that they would need at least a year’s worth of income set aside in order to recover from a critical condition and return to work. By investing in a Critical Illness plan, you can have access to up to $100,000 paid in two lump sums so you have the ability to invest in proper treatments for your condition and also take adequate time to recover in peace.

Our clients have a variety of financial needs when they suffer a critical condition, so our plans are built to be versatile. We offer a Critical Illness benefit directly to our client once they are diagnosed or treated. You may use this money to pay bills, purchase medical appliances, take part in experimental treatments, or even to pay for health-tourism by travelling to healing retreats. You have unlimited choice in what you spend your benefit money on.

Nearly 1 in 2 Canadians will develop cancer during his or her lifetime.

Although our basic healthcare costs are covered by medical services plan, there are many additional costs associated with the treatment of cancer. Travelling to and from the nearest treatment centre can often take an entire day or two out of each week. The cost of meals and parking, and sometime even overnight accommodation, can add up quickly. Many forms of radiation treatment and experimental treatments are also extra. The fact is that a cancer diagnosis often cripples a family financially, which is the last thing anyone needs to face while battling such a difficult disease.

Our Cancer Care treatment benefits pay based on hospitalization, outpatient surgery, or chemotherapy and radiation treatments. Because it’s a treatment-based claims process, our insurance provider will pay quickly and hassle-free… meaning you have adequate cash in hand when you need it most.

Naturally we hate to think about this kind of “what-if”; but the reality is that each year thousands of Canadians lose their vision, their hearing, a limb, or even their life due to an accident. The good news is that there is an affordable solution in the form an Accidental Death and Dismemberment policy which will pay you a lump sum of cash to deal with the immediate financial consequences of such events.

Final Expenses can be a serious problem for the survivors of a family member who has passed away. Although life insurance is a common household purchase in Metro Vancouver, many policy owners own inappropriate coverage for their situation.

Sometimes people purchase a policy for non-death benefits, such as investment gains or cash values. Alternatively, a person will purchase mortgage insurance believing that it will pay a benefit to their family (it usually won’t). We use a very simple and straightforward process for determining our clients’ Final Expense needs, then we explain how current individual and workplace life insurance policies address these needs.