Insurance can seem like a daunting topic, but bear with us - this information is critical
by Ali Forster
Ali is Memory Ball's Director of Finance and Operations. She is a financial advisor at a boutique firm in midtown Toronto, working with clients to achieve their financial goals and ensure overall financial health. She is FPSC Level 1™ Certified in Financial Planning for the Certified Financial Planner (CFP®) designation. Check out her new blog at fitnance.ca .
Over the past three years I have learned a lot about Alzheimer’s disease because of the awareness raised by Young People Against Alzheimer's (YPAA) and Memory Ball. When a family member is diagnosed with Alzheimer’s disease, the emotional burden is immense. Combining that with the financial worry can be simply overwhelming. Not only is there a loss of income but there is also an added strain to the budget, for a variety of costs.
What if I told you there was a way to protect yourself, and in turn protect your family from the financial burden of being diagnosed with an illness? You may say, “I have an emergency fund” or “a savings account”; but think about the amount you have saved, would it cover your expenses for a month? A year?… A decade?