Tips to protect your health … Financial!

Your financial situation is it solid? If you were affected by serious illness, could you take both your medical expenses and your other financial responsibilities?

According to the poll to your health! Conducted by Desjardins Financial Security in 2009, 64% of Canadian employees are covered by insurance life insurance or disability insurance income. But only 36% of them could afford to be absent from work for three months or more for health reasons.

How to prepare?

Here are some specific actions you can ask to be well prepared in case of serious illness.

1. Consult a lawyer or notary to make sure that your will is updated, as your mandate in case of incapacity. This term is important: it allows you to designate a trusted person who can manage your finances and make decisions for you if ever you’re not.

2. Assemble an emergency fund. Determine how much you can spend and start saving now. Although the first steps are difficult, it is an investment that’s worth.

3. Reassess your insurance portfolio. Health insurance, disability and illness that you would currently sufficient to meet your needs? It would cover your medical expenses, your expenses and those of your family? If this is not the case, use our online simulator to identify gaps in your coverage and determine how much cost you additional protection.

Within minutes, you’ll know how to get peace of mind that you are looking for.