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 the US to ensure current risk management strategies remain appropriate
and new strategies are selected as required. Consider the
following:
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When making the transition to the US , what coverage will
your Provincial healthcare insurance provide?
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Are you currently eligible for US Medicare coverage?
If not, how can you qualify?
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What alternatives exist for healthcare coverage in the US
if you have a "pre-existing" condition?
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You may have sufficient life insurance coverage in Canada
but if your life insurance death benefits pay in Canadian
dollars, what effect will the exchange rates have on how much
benefit you receive in the US?
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Have you considered the same issues with your individual
disability insurance policy as well?
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Will your Canadian auto and homeowners insurance cover you
in the US ? What differences in homeowners and auto insurance
need to be considered if you get US policies?
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The US is a much more litigious society than Canada .
How can you protect yourself in the event of a lawsuit?
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What do you do in the US if you can no longer perform some
of 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 the US that was
previously covered. The following attempts to establish the
facts and dispel some of the myths surrounding the major risk exposures
when moving to the US: 
Interesting Links
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