Critical Illness Insurance: Then Your Buddy Had a Heart Attack

My name is Taivi Tayler, and I am a practicing Certified Financial Planner in the Province of Ontario. I help business owners grow their wealth, and plan to protect their financial legacy.

You should be proud. You survived Covid and continued to grow your business from a handful of clients and contracts to this immensely profitable business. You’re still young and healthy and you have at least another 20 years doing what you love. You are the family breadwinner.

Did you know that your buddy from high school just had a heart attack?

Shocker right. He was pretty healthy and boom, down for the count for the next few months. Doctor’s orders, no stress and no work for the next 8 months. 

Except that without income, your buddy is going to blow through his corporate savings to cover his business expenses and his personal retirement accounts are going to be obliterated paying his mortgage and other monthly bills.

It’s too bad he didn’t know about critical illness insurance.

He could have received a tax free payout for hundreds of thousands of dollars tax free and his company could have paid some of the costs. 

It’s something to investigate if you don’t know about it either.

Reach out and we’ll explain. Tayler Insurance & Estate Planning, We help business owners grow their wealth and plan to protect their finances.