778 317 6262Good news!!! Canadians, on average, are living longer these days, in part because medical science can now treat or even cure previously fatal critical illnesses.
Bad news!!! While you are living with a critical illness, you may be faced with financial challenges, like loss of income or extra medical expenses that you hadn’t planned for. The physical and emotional strain of a critical illness can be severe, and, when you combine that with the potentially damaging financial impact, the result can be devastating.
Critical Illness Insurance gives you a lump sum payment if you are diagnosed with and survive an illness covered by your Plan. Having this extra measure of financial security helps give you the freedom to concentrate on what’s most important – your recovery.
Illnesses such as Cancer, Heart Attack or Stroke can have an impact on you, your family or business on an emotional and financial level. Critical illness provides a lump sum of cash, tax-free, to help you with the financial means to continue treatment, find the right treatment and protect your financial assets at the same time. The payout may be used in any way you wish, without restriction.
Other benefits of a Critical Illness Policy include options to get some or all of your money back should you never make a claim, as well as medical assistance services to help you through difficult times.
Critical illness insurance is offered either as a stand-alone Policy or it can be bundled as a “rider” with your term or permanent life insurance, thus providing you and your family with a broader spectrum of coverage than just life insurance alone can offer.
Critical Illness Insurance Plans are also available for children (age: 30 days – 17 years).
