Critical Illness Insurance

Critical illness insurance helps to pay the costs associated with life-altering illnesses. If you become sick with an illness covered by your policy and survive the waiting period, you’ll receive a lump-sum cash payment. And, unlike reimbursed health insurance benefits, you decide how to spend the money. The Lump-Sum benefit can pay for anything from medical expenses not covered to a celebratory trip to Disney.

Why Should I have Critical Illness Coverage?

Medical advances have dramatically improved the survival rates of people who suffer critical illnesses such as cancer, stroke and heart disease. Recovery may come with a significant financial cost that impacts both you and the people close to you.

About 1 in 12 Canadians is living with heart disease.1
Approximately 1 in 2 Canadians will be diagnosed with cancer in their lifetime.2
About 741,800 Canadian adults live with the effects of a stroke (that’s the population size of New Brunswick!).3

References

How Can Critical Illness Help?

It replaces any reduced or lost income for you and your spouse, who may wish to take time off work to care for you.
It reduces debt and other financial concerns while you cope with your illness
It can help bring in additional help at home for you and your family.
It enables you to consider new medical treatments and medications not covered by private or government health insurance plans.
It allows you the money to celebrate your recovery; purchase a new car, fly the family to Disney or take time to relax and enjoy life.

As you can see there are many benefits of owning Critical Illness Insurance. I would be happy to answer any further questions.