How Much Insurance Do I Need?

Purchasing insurance coverage is one of the most important things you’ll do to secure your financial future. How much insurance you need depends on your own circumstances, but it should be enough to look after:

short-term family needs, such as the care and education of minor children, or the paying of mortgages should you die;

long-term family needs, such as estate planning or the continuing care of a dependent adult child;

the financial consequences of a disabling injury or illness, such as medical bills or the costs of special medical equipment, such as beds or wheelchairs, and the means to support you and your family if your injury prevents you from working;

the costs of urgent medical care that you may need outside of Canada, either because you may have to wait for treatment in Canada or because treatment isn’t available here, the cost of the travel arrangements and accommodations of a loved one who may be accompanying you, the costs of prescription drugs, private nursing, meal preparation and child care while you are in hospital and are recovering;

the cost of maintaining your dental practice while you are not working or of restoring it after an office disaster;

the financial consequences of a malpractice or liability suit and other court costs.

To help you with your planning, you can always call upon our licensed professional advisors for expert guidance that’s suited to your unique needs.

For information and planning tips regarding specific types of coverages within the Canadian Dentists’ Insurance Program, click on the appropriate links below:

Dentists

How Much Personal Insurance Do I Need?

How Much Practice Insurance Do I Need?

How Much Liability and Legal Insurance Do I Need?

Dental Office Staff

How Much Personal Insurance Do I Need?

How Much Liability and Legal Insurance Do I Need?