Justine Zavitz

Justine Zavitz

The Globe and Mail published a great article last month about how Canadians are living longer, but not necessarily healthier. Many retirement planners suggest working, even part time, after age 65, but for one in three Canadians, a disability will prevent them from doing so. Because you are more likely to become disabled than die prematurely, it is important to protect yourself and your assets by buying disability insurance when you’re young and healthy. As students, you have an opportunity to purchase coverage with lifetime discounts, and you will never be younger or healthier than you are now.

The unpredictability of disease argues for diligent retirement saving, even if you do plan to keep working after 65. People with family histories of longevity and good health can still find themselves unable to continue working as planned.

Dr. Horton said the medical issues that prevent people from working include depression and anxiety. “Over time, there has been a significant increase in the number of people with mental health problems,” she said. “People are stressed, they’re maxxed out.”

If you have any questions about the Disability or Critical Illness insurance options that are available to you, please email me to set up a time to review your needs.