Risk Management There are many risks in everyday life that could have devastating effects on what has taken you a lifetime to accumulate. Unfortunate events like the death of a spouse, an auto accident, sudden illness or the disability of the primary breadwinner are illustrative examples. These risk exposures must be reviewed in light of your transition to Canada to ensure existing risk management strategies remain appropriate and new strategies are selected as required. Consider the following:
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When making the transition to Canada, what coverage will your U.S. health insurance provide?
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Do you automatically qualify for Provincial healthcare coverage in Canada’s universal healthcare system?
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You may have sufficient life insurance coverage in Canada but if your life insurance death benefits pay in U.S. dollars, what effect with the exchange rates have on how much benefit you receive in the U.S.?
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Have you considered the same issues with your individual disability insurance policy as well?
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Will your American auto and homeowners insurance cover you in Canada? What differences in homeowners and auto insurance need to be considered if you get Canadian policies?
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What do you do in Canada if you can no longer perform the activities of daily living and require skilled nursing care around the clock?
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As these questions illustrate, there is the potential of creating new risk exposures when making the transition to Canada that was previously covered. This section attempts to establish the facts and dispel some of the myths surrounding the major risk exposures when moving to Canada. 
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