Medical advances have dramatically improved the survival rates of people who suffer critical illnesses such as cancer, stroke and heart disease. Recovery may come with a significant financial cost that impacts both you and the people close to you.
Critical illness insurance from providers of Blue SWAN Financial monetary help to pay the costs associated with life-altering illnesses. If you become sick with an illness covered by your policy and survive the waiting period, you’ll receive a lump-sum tax free cash payment. Unlike reimbursed health insurance benefits, you decide how to spend the money.
When a child becomes injured or sick, it impacts the whole family. In addition to the emotional impact, a serious injury or illness can put your family’s financial plan at risk as you focus on nursing your child back to health.
Jim and Betty have a seven year old son named Stanley. They are planning for his bright future and would like to protect it.
The challenge is to create a financial strategy to protect the Crosby’s financial future and give Stanley the best care possible if he ever becomes injured or suffers an illness.
Jim and Betty want to ensure that if Stanley suffers an impaired injury or illness, they can give him their complete attention during recovery and the best medical care possible. With a Sun Critical Illness Plan, if Stanley is diagnosed with a covered injury or illness, Jim and Betty can use the benefit to help them through Stanley’s recovery.
In a playoff hockey game, Stanley slides head first into the boards. He suffers a concussion during the episode. His parents take him for tests with a specialist (ie MRI and CT scans) and monitor Stanley’s progress for 180 days.
Buy Sun Critical Illness Insurance from Blue SWAN Financial designed with return of premium and owner waiver options.
Jim and Betty purchase a plan, like the Sun Critical Illness T75 with $100,000 for Stanley. They add a ‘return of premium’ option which will return most of the money to the Crosby family if Stanley suffers one of 26 injuries or illnesses. At Stanley’s young age, the benefit is affordable at only $80 a month, and guaranteed to stay the same for the life of the policy. The owner waiver option, which can be added for one or more policy owner, is included for Jim (age 41). This helps ensure Stanley’s coverage continues if Jim dies or becomes disabled.
If Stanley’s head injury or concussion is deemed a ‘brain injury’, the Crosby’s will be paid out $100,000 tax free after 180 days. If not, and Stanley does not incur any of the 26 covered injuries or illnesses the Crosby’s will be eligible for a return of premium of 75% when Stanley reaches 27 years of age. Think of it like an RESP paying 0% interest! At this time, Jim and Betty can transfer owner of the policy to Stanley. He would continue to have his $100,000 coverage in force.
At age 42 Stanley can continue to have his protection, or cancel the policy and receive a return of premium for the remainder of the amount.
Between 60 and 65 years old, Stanley can choose to keep his Sun Critical Illness T75 until expiry at age 75. Alternatively, Stanley can convert all or a portion of his policy to a long term care insurance solution. He can use some or all of his Return of Premium option to pay for some or all of the insurance
The Best Doctors service is included in your child’s critical illness insurance policy. It is an international physician network that can help you understand your child’s medical condition and treatment options. Best Doctors provides a range of services to ensure you get the right information, the right diagnosis, and the right treatment. Best Doctors is not part of your policy and can be withdrawn any time.
We are so passionate in making sure that our clients Sleep Well at Night, sponsor the Leaside Flames of the Leaside Hockey League; educating parents on the importance of protecting their children both on and off the ice.
Taking the lessons I learned in 20+ years of my career in manufacturing, I now exercise my financial
expertise as an Insurance Broker dedicated to helping my clients
I worked as a District Treasurer for the 2014-2015 terms while Allan served as a District Governor for Toastmaster District 60. Allan did a fabulous job to lead 4000+ members’ organization. Under his servant leadership style, our membership has grown tremendously. He demonstrated some of great characteristics during our journey together: generosity, patience, and collaboration. He has been an inspiration for me. Every day I applied his servant leadership style into my own business. I am sure all these great qualities he has will serve him well in whatever he does.
Trust is earned not by what we say but by what we do”. Allan Madonik is one of those rare leaders that quietly follows up any words with actions. While working with Allan during his tenure as Toastmasters International District 60 Director I witnessed how he successfully led a district of over 5,000 members. His strengths include his ability to take complex concepts and simplify them and his unceasing commitment to the people he serves. I feel truly honoured to know him as a fellow Toastmaster and a friend.
As a Club President I find you were driven and goal oriented. You give your best and expect the best, hence with you there is no room for complacency. You enjoy going the extra mile to assist others and are very respectful of people's time. As a person I find you humble, passionate about your interests, and genuinely interested other people's successes.
Allan and I met with a phone call several years ago. His phone call was one that stands out in my memory for many reasons. It was an extremely courteous call that made me feel like I knew him my whole life.. When I hung up the phone, I had a feeling that I would be seeing him again, and that we might even become friends or colleagues. Allan has a calm and accepting demeanour that makes being his colleague a privilege. He has a special way of approaching things that make you listen. And he never pressures you into anything. I am happy I picked up the phone several years ago. It was the beginning of a long lasting friendship that I am happy was formed.
I have known Allan Madonik for several years now and I would recommend him without any reservation. He is a family man that has the utmost integrity, an incredible work ethic, a servant's heart and a persistence seldom seen. He is only interested in making everything he touches better. He is always striving to bring value to everything he does. He gets it. I am proud to be associated with Allan and I look forward to having him work with me and my family for years to come.
I have known and worked with Allan Madonik as my financial advisor for several years and can say I am very impressed with his breadth of knowledge. More significantly though, is his integrity. I believe Allan genuinely listens and takes his clients' needs into consideration and sincerely recommends approaches that are in their best interests. His warm sense of humour and succinct newsletters are a nice bonus for his clients!
I wanted to thank you for setting me up for success! I feel much better now that I know my family will be safe if I am sick or worse! I will be in touch with you to discuss my investments as I am not happy dealing with my bank!
Thanks for helping me with my investments. I appreciate you coming to my work to review my information and then again for the recommendation. I look forward to consistent growth in the next several years!
I was frustrated with my advisor and I knew I had to make a change. Allan approached me and asked if I wanted to sit down and review my financial plan. He was able to come up with something that was simple and easy to follow. He also greatly reduced the premiums I paid but made sure the amount of coverage stayed the same! I am happy I started working with Allan and look forward to doing so in the future.
I have known Allan for several years and have always found him to be a kind and sincere gentleman. I was looking for guidance on protection for my family. Allan spent a lot of time both on the phone and in person to ensure he understood my situation. He put together an excellent proposal which I adopted immediately. Thank you Allan for your patience and guidance!