Accident & Sickness

Your ability to earn an income is one of your most valuable financial assets. Accident & Sickness insurance is designed to help protect that income if illness or injury prevents you from working.

At MW Financial Planning, we help individuals and families understand their options for income and health-related protection, so that a medical event doesn’t immediately become a financial crisis.

No fear-based selling.
No confusing fine print.
Just clear, practical guidance.

Coverage in this category is commonly used to help with:

• Replacing a portion of lost income if you’re unable to work
   
• Covering everyday expenses like:
   
  • Mortgage or rent
     
  • Utilities
     
  • Groceries
     
  • Vehicle payments
     
• Helping manage the financial impact of serious illness or injury
   
• Reducing reliance on savings, credit, or family during recovery
   
• Supporting self-employed individuals without employer benefits
   

It’s not about planning for something to go wrong - it’s about planning for resilience if it does.

Depending on your situation, Accident & Sickness insurance may include:

• Disability Insurance – Designed to replace a portion of your income if injury or illness prevents you from working.
   
• Critical Illness Insurance – Designed to provide a lump-sum benefit upon diagnosis of certain covered illnesses.
   
• Health & Recovery-Related Benefits – Depending on the product, this may include additional support features during recovery.
   

We explain what each option is intended to do, how benefits are typically structured, and where each type of coverage tends to fit best.

This type of protection is especially relevant for:

• Self-employed individuals
   
• Business owners
   
• Tradespeople
   
• Commission-based earners
   
• Professionals without employer benefits
   
• Anyone whose household depends heavily on one income
   

If your paycheque stops when you stop working, this coverage deserves serious consideration.

We believe Accident & Sickness insurance should be:

• Based on real income, not assumptions
   
• Aligned with current expenses and obligations
   
• Structured around realistic recovery scenarios
   
• Reviewed as your career and income change
   

Our role is to help you:

• Understand how benefits typically work
   
• Identify potential financial gaps
   
• Compare suitable coverage options
   
• Apply with confidence, and without pressure
   

You’ll always know what you’re applying for and why.

Accident & Sickness insurance products are provided through MW Financial Planning by a properly licensed Life & Accident & Sickness Insurance Advisor in Alberta. All recommendations are based on suitability, needs analysis, and applicable regulatory requirements.