Critical Illness

What happens if you or your loved one is diagnosed with a critical illness?

“If I get critically ill, where will my money come from?” 
“How can I focus on healing if I have to work”
“Do I know someone with a critical illness? Would a cash benefit help their finances during recovery?”
“Will my family financialy survive if I get critically ill?”

When you are critically ill, the last thing you want to do is worry about finances. Your time is better spent focusing on healing and time with family and friends.

Critical illness insurance can be your financial solution. It provides a lump-sum benefit if you are diagnosed with a critical illness, and it’s up to you how you use that benefit.

Here's how Critical Illness benefit can help:

• Pay down the mortgage and other bills

• Seek treatment outside of Canada

• Finance a recovery vacation

• Replace lost income not covered by disability insurance; you can be critical ill, but not disabled. 

• Protect retirement savings; avoid spending your retirement funds on health care

• Replace your spouse’s income while they take time off to aid in your recovery

• Supplement gaps in disability insurance where critical illness is not covered 

Here are some of the diseases that may be covered with a critical illness plan:

heart attacks, stroke, life threatening cancer, coronary bypass, Alzheimer’s disease, aortic surgery, benign brain tumor, blindness, coma, deafness, heart value replacement, kidney failure, loss of limbs, major organ transplant, motor neuron disease, multiple sclerosis, occupation HIV, Parkinson’s disease, server burns, loss of independence.

Did you know?

• Lifetime probability of developing cancer is 40% for females and 45% for males.

• 171,000 new cases of cancer in Canada 2009

• 75% of people who have a stroke survive the initial incident

• 90% of people who have their first heart attack recover

Every person should consider critical illness protection. 

• Single people who want to be independent and don’t want to be a financial burden on friends and family. 

• Young families with mortgage payments, child care expenses and retirement goals. 

• Older couples who don’t want to use up all their life savings dealing with a critical illness.

• Business owners who want to protect their business from a loss of a key person due to illness.

Protect you and your family from potential financial losses due to a critical illness.  Talk to us to about critical illness coverage.