Scantlebury Wealth Management

Most Canadians tend to be reassured by Canada’s universal healthcare system. We are so reassured that we hold a simple belief: if we get sick, all we need to do is go to the hospital. The system will take care of the rest. To be fair, our public health care system does excel at immediate emergency care, basic hospital stays, and standard physician visits. However, increasingly, many of us are finding that it has critical vulnerabilities. This is especially true when it comes to surgical wait times and the approval of new medications, treatments and therapies. Accordingly, if someone’s provincial health care coverage falls short, patients face a grim ultimatum: wait while their health deteriorates, or pay out-of-pocket for private or out-of-country treatment. Increasingly, an unimaginable situation is becoming increasingly common: spending $200,000 now for out-of-country treatment, so that you could appeal a decision by your provincial government later. For most families, absorbing such...

Canada finds itself at an unprecedented demographic crossroads. A growing segment of the population now belongs to the "sandwich generation": individuals between the ages of 30 and 60 who find themselves simultaneously supporting dependent children and aging parents. In many modern households, due to remarriages, late-in-life births, or increased longevity, caregivers are often juggling three or even four generations at once. In such a busy environment, there are the usual distractions. There are the usual dental appointments to clean teeth and add crowns. There are medical appointments for bumps, bruises and check-ups. Someone has to do the cooking and the grocery shopping, while simultaneously ensuring that the car gets taken to the mechanic to change the oil, or the tires. Kids have to be taken to extracurricular activities, like basketball try-outs, dance or piano recitals, soccer or hockey lessons. In this modern world, there is very little time for rest, let alone to th...

Medical science is evolving at a historic pace. Breakthrough treatments that were once deemed impossible are now becoming a reality, offering families renewed hope in the face of devastating diagnoses. However, these medical advancements highlight a critical truth about modern healthcare: innovation comes with a significant price tag, and public health systems cannot always cover every cost immediately. Just look at the Lecanemab (brand name Leqembi) - a groundbreaking disease-modifying therapy for early-stage Alzheimer’s disease - and its recent journey through Canada's approval process. This drug's journey is important because it provides one simple example of why personal financial protection, specifically Critical Illness Insurance, is no longer optional in Canada. In February 2026, Canada's Drug Agency - a pan-Canadian health organization, created and funded by Canada’s federal, provincial, and territorial governments - issued an initial preliminary draft recommending ...

When I first got my life insurance license, I was surprised by the number of people who didn’t have disability insurance. Yet today, I understand why it happens. Most of us are happy to receive a paycheque, and most of us are even happier when our employer offers us a group insurance policy. The reason is simple: in most people’s mind, a group benefit insurance policy is the gold standard in the employee-employer relationship.  Yet, there is something that most people don’t fully appreciate: disability insurance coverage does not come standard in that arrangement. It came as a surprise when I started evaluating  group benefit packages. However, over the years, it has become one of the things that I look for. The reason for this discrepancy, this incongruity, is simple: group insurance packages are not all the same. Or put differently, there is no standard group benefit package. Rather, each package is a creation of a broker, an employer (or plan sponsor) and the group insuranc...

  When we think about surviving a critical illness like cancer, a stroke, or a major cardiovascular event, we tend to focus on things we can see: our genetic history, what we eat, how often we exercise, and the skill of our medical team. But public health data reveals a much starker truth. One of the most powerful predictors of whether you develop a critical illness—and whether you survive it—isn’t written in your DNA. It’s stamped on your mail. Where you live dictates your environment, your stress levels, and your access to life-saving care. This phenomenon is deeply tied to the “social determinants of health (SDOH)”: the non-medical factors that shape our daily lives. Accordingly, it is not a surprise that public health experts frequently point out that your postal code matters as much as your genetic code when it comes to your health outcomes. However, when it comes to true financial wellness during a medical crisis, there is another factor that dictates your survival: whether y...

Imagine starting a new job, full of hope for the future, only to have your world turned upside down two weeks later. That is exactly what happened to Kayla in 2023. After finding a lump on her neck and experiencing difficulty swallowing, she was diagnosed with anaplastic thyroid carcinoma - a rare and aggressive form of thyroid cancer. The problem for Kayla was a simple one: she had recently taken time off to care for her two small children; and, she hadn't built up enough hours in her new job, in her new role. The result? She was completely ineligible for EI sickness benefits. Which brings me to a key point: the financial strain of a critical illness doesn’t just come from the loss of a paycheck. Sometimes, the hidden cost is just receiving the treatment. In Kayla’s case, this meant travelling 3 hours from a rural home to an urban centre. In Kayla’s case, this meant leaving young children behind for 6 weeks during treatment, isolating children from their ill parent at a time when...

The field is quietest just before dusk, when the long shadows of the goals stretch across the grass. For Sarah, that patch of green had always been a sanctuary. It was where she had out-sprinted her anxiety during final exams, and where, during a fierce co-ed match in her university days, an accidental collision led to an apology, a post-game coffee, and eventually, a wedding band. Now, that same love of the game lived on in the frantic, joyful energy of her two sons. Watching them chase the ball from the sidelines, she could still hear the precise, familiar thwack of a perfect strike. Sarah’s life had been defined by that kind of momentum. She possessed a quiet, unstoppable drive, earning her Bachelor of Science and started her Masters, before pivoting and securing her doctorate. As a researcher at a major medical facility, her days were spent unweaving complex human puzzles, dedicated to finding answers that would save lives. She was successful, fulfilled, and deeply grounded by the ...

  It is one of the ultimate ironies of modern adulthood: we willingly insure our cars, our homes, and even our smartphones against accidental drops, yet we routinely ignore the protection of our most valuable asset—our life. For the vast majority of people, purchasing a life insurance policy sits firmly at the absolute bottom of the to-do list. It is the classic "tomorrow problem." But why does something so fundamentally critical to financial security consistently rank as the very last thing on our minds? The explanation lies at the intersection of human psychology, uncomfortable realities, and a few common misconceptions. The most obvious reason life insurance gets pushed aside is that buying it requires us to do something human beings are hardwired to avoid: confronting our own mortality. No one wakes up on a sunny Saturday morning wanting to calculate the financial value of their absence. Planning for life insurance forces us to imagine a world where we aren’t around to se...

I think we can agree that if a business owned a machine that spit out $200,000 a year, that same business would insure that same “money-making” machine for as much as they could.  Well, in the case of most businesses, the business owners are the machine; they are the source of the energy which ensures that any company makes money.  In most ways, businesses are a symbol, a trophy, that represent years of hard work, dedication and a legacy.  However, the very factor that makes a business thrive—the owner’s leadership and vision—is also its greatest vulnerability. Don’t let an injury or an illness derail everything that you’ve worked hard to build. Business-owned disability insurance serves as a lifeline for your business, providing a monthly income to help you keep your business running when you cannot be there. While a disability can often be visible to the naked eye, not all disabilities are so easily recognized; chronic pain or a mental health issue can also qualify as a...

For many business owners, their company is more than just a source of income; it’s their primary asset: a legacy and a symbol of their diligence and industriousness; a hard-earned result of years of dedication. However, the very factor that makes a business thrive—the owner’s leadership and vision—is also its greatest vulnerability. If a sudden health crisis or injury prevents a business owner from working, the stability of the entire organization is at risk. Integrating critical illness and disability insurance into a corporate strategy is not merely about personal protection; it is a fundamental pillar of business continuity planning.  A diagnosis ranging from cancer to stroke, from a disability to a heart attack, can cause immense personal and professional disruption. While healthcare systems address immediate medical needs, they often do not account for the ongoing operational expenses of a corporation. This is where corporately owned critical illness or disability insurance co...

We often don’t think about mortgage life insurance as a priority—until it becomes the most critical factor in a person's financial life. This is especially true when a tragedy interrupts a real estate transaction. Many Canadians may not realize that certain credit products are technically callable. While a standard residential mortgage usually cannot be called as long as payments are made, HELOCs and commercial mortgages fall into a different category. These are often "demand" products. While, if a borrower passes away while utilizing a loan, mortgage, HELOC or commercial mortgage, the lender is under no obligation to honor the commitment to a deceased borrower. This leaves the surviving partner or estate in a devastating position: grieving a loss while facing a collapsed deal and potential legal liabilities for failing to close. Many buyers assume they can simply tick the insurance box at the bank during their final signing appointment. However, relying on the bank at th...