CRITICAL ILLNESS INSURANCE
Protecting You, Your Family & Business from Financial Devastation
Critical illness insurance helps individuals before, during and after a serious illness with unexpected costs and potential loss of income. Primarily, the insurance is designed to protect you, your family and business from financial devastation, however, the funds can be adopted for other uses including coverage for operating expenses, insurance coverage for mortgage and many more…
It is estimated that approximately 40,000-50,000 Canadians will suffer a stroke this year. These numbers are similar for heart attacks and of course cancer. If you suffer from one of these conditions, it is probable that you and your family will also suffer significant financial strain.
Critical Illness Insurance is a form of insurance that can provide protection in the form of a lump sum payment if you suffer from a covered critical illness or disease.
You can use your lump sum payment for any purpose. Examples of which include paying for out of country treatments or medical procedures, paying off a mortgage, covering for lost income, private nursing services among many others.
Policy benefits can also include flexible payment options, the return of premium, early intervention benefits, counseling and support services, medical referral services and many others. Many of which will come built into your critical illness coverage with no additional cost.