It's that time of year that many Canadians head South to soak up the sun. Many people travel at risk and don't even give it a second thought. Unfortunately, illness and accidents can still happen and those travelling without insurance put themselves at risk and at what cost?
Let's look at a few examples of just how much something like an allergic reaction or car accident can cost. An allergic reaction + 45 minutes in hospital + Benadryl + Pepcid treatment can = $40,000+ in medical bills.
A car accident + 3 weeks in hospital + treatment can = $1,200,000+ in medical bills.
Travel Insurance is a small price to pay to avoid a very big financial risk. Standard Rate examples for $10,000,000 in coverage - Single Trip *based on number of days are as follows:
Age 26-39 : $2.84 - $3.62/day
Age 40-54 : $3.18 - $4.00/day
Age 55-59 : $3.72 - $5.00/day
Doesn't seem like much for peace of mind does it?
Following are testimonials from Manulife Insurance customers:
- While on an 8 day trip to Colorado, Mr. X became ill and was diagnosed with colitis, dehydration and hypoglycemia. He was admitted to hospital for 5 days in total (3 in ICU). Final bill was over $80,000. "you guys came through like gang busters and helped bring down our stress in a not so great time...Thank you so much!"
- Male age 72 on a trip to Mexico was diagnosed with acute appendicitis requiring immediate surgery. Direct billing was arranged. Due to medical emergency the client was unable to return home on original flight. Assistance Centre engaged the travel agent and booked new flights. Final bill was $40,500. " you were the light at the end of the tunnel during this ordeal. Thank you so much for your help!"
Check out the "Get Quote & Apply Today" feature on my website and see how easy it is to get the protection you need with Manulife Travel Insurance. Visit www.tanyahammond.ca/travel-insurance.html . If you have any questions about the application or need assistance, please contact me and I would be happy to help.
Safe travels this season!
Let’s say you suddenly came down with a serious illness, or you have suffered a lengthy injury. Would your farm business be able to go on without you? If you are like most farmers, probably not or at least not without it costing you your hard earned money.
No one likes to think of the what ifs, yet most farmers do consider the what ifs when they plan their crops. For instance, this year proved to be an exceptionally dry year with many farmers experiencing lower crop yields and even crop failure as a result of the drought. Thankfully most have crop insurance in place for just these times. We also carry insurance on our homes and buildings because we know we couldn’t afford to rebuild on our own. The vehicles we drive are insured even our tools, the farm equipment and in some cases our cell phones because things can happen that are out of our control.
Why is it then, that people are reluctant to insure their most important asset, the ability to make an income? Perhaps you think it is too expensive, but have you asked your local insurance broker for a quote recently? I think you would be surprised at just how affordable disability insurance is. There are now products on the market designed specifically for those in the agricultural industry using special tax rules to take advantage of your amortization expenses when calculating your insurable income. What does that mean? It means more money for you if you should become ill or injured.
According to Statistics Canada, there is a one in three chance that you will experience a disability lasting for 90 days or longer by the age of 65. Disability Insurance helps you with your operating expenses and rehabilitation costs by paying you a monthly income replacement benefit when you are not able to work due to an illness or an accident. Letting you focus on getting better and back to business.
Think of the important role you play in your farm operation. You have every reason to protect yourself against the unexpected.