Suffering a critical illness is distressing for both you and your family. Help ease the burden through insurance that will reduce financial stresses and can complement disability and life insurance protection needs. Critical Illness Insurance offers a one-time, lump-sum payout to help pay for the additional expenses often associated with an illness or condition.
The advantages of critical illness insurance can include:
- Coverage for up to 25 critical illnesses or conditions such as heart attack, cancer, stroke, alzheimer's, coma, or paralysis to name a few
- An initial lump-sum benefit you can use however you wish—from making mortgage payments to seeking medical treatment outside Canada
- Home-care costs during illness and recovery periods
- Even if you’re not disabled from working, you may receive payment
- The ability to provide a return of premium benefit (optional)
- Individuals who cannot obtain disability insurance in some cases still qualify for critical illness coverage (e.g. a non-income earning spouse)
How likely is it that you might be diagnosed with a Critical Illness? Consider some of these statistics:
- One in 4 Canadians has some form of heart disease, disease of the blood vessels, or is at risk for stroke. (Heart and Stroke Foundation of Canada)
- Based on current incidence rates, 38% of women will develop cancer during their lifetimes. Among men, 43% will develop cancer during their lifetimes. (Canadian Cancer Society)
- Out of every 100 people who are hospitalized for stroke, 75% survive. (Heart and Stroke Foundation of Canada)
- Canadians have one of the highest rates of Multiple Sclerosis in the world. (Multiple Sclerosis Society of Canada)
- Alzheimer's disease affects one in 20 Canadians over age 65. (Alzheimer Society of Canada)
Contact me today to see how Critical Illness Insurance fits into your financial security plan.