Scantlebury Wealth Management

  You have probably heard about a Canadian who wished that the federal or their provincial government did more to help those who are in crisis. What if you were given the ability to plan for these moments?  Critical illness insurance is designed to provide financial support if you are diagnosed with a severe medical condition. One of the appealing aspects of this insurance is that it offers a lump sum benefit, which pays out even if you fully recover or do not experience a loss of income or diminished capacity to work. This payout can be particularly useful for covering out-of-pocket medical expenses, replacing lost income, or simply providing peace of mind during a challenging time. In Canada, critical illness insurance policies typically cover a defined list of conditions. When you meet the policy's criteria for any of the following critical illnesses, you may be eligible for the lump sum benefit. This includes Aortic surgery, Aplastic anemia, Bacterial meningitis, Benign br...

A cancer diagnosis is a life-altering event that extends beyond the physical and emotional struggles. The financial implications can be equally daunting, encompassing the costs of treatments such as surgery, chemotherapy, and radiation. For many patients, maintaining employment during treatment is challenging, and it often results in a significant decrease in household income. This phenomenon, commonly referred to as "financial toxicity," is prevalent even in countries with universal healthcare coverage, like Canada, where patients still face substantial out-of-pocket expenses. Sometimes, the costs are small. They could include parking fees and accommodation expenses for themselves and their caregivers. This could be especially true when dealing with lengthy treatments like radiation therapy or stem cell transplants. Or, the costs could be larger. They can include travel expenses for those who live in rural or remote areas.  Since these costs are generally not covered by publ...