What can you buy for money or what will be better for you.  As the old saying goes, you can't buy love for money, but you can buy time for them with those you love or want to spend time with, or when you just need sex. We all look forward to a long healthy life with plenty of time with family and friends. Sometimes, however, life has different plans, and even a small planning can ease the financial burden at a time when the last thing you need to think about is money. They say it is better to be rich and healthy than sick and poor. Critical illness insurance is one of the options for accounting for an unanticipated future.

Fortunately during the financial planning sessions, we discussed and included critical illness coverage to their suite of group and insurance options. This allowed the family to spend their limited time together as well as have the proper time to grieve the loss of a father and husband without worrying about finances.

Critical illness insurance pays a lump sum benefit if you are diagnosed with a dreaded disease such as multiple sclerosis, Alzheimer's, cancer or Parkinson's disease. Other conditions covered may include coma, stroke, heart attack, and kidney failure. Benefits are paid for the first occurrence and may be used to pay medical expenses, modify your home or even take a vacation.

There are many versions of critical illness insurance available and different insurance carriers offer different coverage. Be sure not to let premiums be your guide when choosing the right coverage for you and your family. Speaking with a financial planner can help you navigate the tricky waters of ensuring your future needs are met based on your family history and future goals.

Due to the aforementioned situation, the children of this couple have now been meeting with their financial planner 

on a regular basis to develop their own financial plans and to ensure that their inheritance and financial affairs are 

well looked after. Firsthand experience has shown them a little planning goes a long way.  Initial experience has

 shown that small planning is enjoying increasing polarity