SPECIAL EPISODE: Crossover Episode Beyond MD Podcast - Critical Illness Insurance
Dr Yatin Chadha
Having a good financial plan in the event of a critical illness is crucial. Having sufficient finances to cover all expenses can make the situation less stressful for all parties involved.
Critical illness insurance is never thought about enough: the stage of life, retirement decumulation, the different risks that come with it… We listen from friends, neighbors, advisors, or even the web. Everybody has full access to information but it’s really important to slow down and let someone in that industry explain everything to you before making an informed decision.
In today’s crossover episode of Mind Your Biz Podcast we are joined by Dr. Yatin Chadha. He is the host of Beyond MD Podcast, which he launched in 2020, that focuses on financial literacy. The content is provided by subject experts but is steered by Dr. Yatin Chadha to ensure relevance to healthcare professionals in Canada.
Tune in as we uncover more of Critical Illness Insurance!
Highlights
[07:24]Demystifying Critical Illness Insurance (CI) and its difference with Disability Insurance (DI)
[10:08]What is the coverage of Critical Insurance?
[12:41]Living in Canada: Do I Need It?
[17:47]Critical Illness: Personal, Corporate and Shared Ownership (Dollar CI)
[20:44]Return of Premium (ROP): The Popular Feature of CI
[27:44]What is Loss of Independence?
[29:46]Two Different Types of Policies for Children
[33:45]Considering CI: Must-Ask Questions
[37:35]Retirement: What is Sequence of Return
[43:02]Retirement: What is Longevity Risk
Links
Website: http://beyondmdpodcast.com/
LinkedIn: https://www.linkedin.com/in/yatin-chadha-29074b109/
Facebook: https://www.facebook.com/yatin.chadha.3
Instagram: https://www.instagram.com/beyond.md/
Twitter: https://twitter.com/yatinchadhamd
Things Mentioned
This podcast episode has been prepared by Mehul Gandhi, CFP®️, CLU®️, TEP an Estate Planning Specialist and Senior Insurance Advisor for Westmount Wealth Planning Inc. Westmount Wealth Planning Inc. is a subsidiary of Westmount Wealth Management Inc. Westmount Wealth Management Inc. is registered as a Portfolio Manager in British Columbia, Alberta, and Ontario.
This episode contains the current opinions of the host and guests, and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide personalized legal, accounting, tax, or specific investment advice. Please speak to a Westmount Wealth Advisor regarding your unique situation.
