As your clients approach retirement, it’s time to think about what could happen if and when their health declines. An accident or serious illness can happen to anyone, at any age. They also need to consider the gradual change in their health as they get older. That’s why it’s so important to address emerging health needs and the costs they bring.
Many Canadians are concerned about how they’ll cover health expenses in later years:
- More than half of Canadians (53%) worry about the cost of health care in retirement.1
- One in four Canadians (25.5%) age 57 – 66 are “not at all confident” their retirement income will be enough to cover their medical expenses.2
Send the health needs video to your clients or watch it together to start a meaningful conversation about how their health could affect their retirement. Give them confidence by showing them what they can do about it – with retirement income solutions to help pay for medications and personal health care needs.
For more ideas and resources, visit Health needs on the Sun Life Financial advisor website.
Talking with your clients about their retirement dreams and concerns is part of Money for Life™. In addition to health needs, Sun Life’s approach to retirement planning covers basic, lifestyle, and legacy needs.
1 2012 Sun Life Canadian Health Index™
1 2013 Sun Life Canadian Unretirement™ Index