Critical Illness Insurance
According to Canadian statistics on average, one out of every two men and one in three women are diagnosed with a stroke, heart attack and cancer. Even though the rate of critical illness increases every year, progress in medicine makes it possible for patients to recover from serious illnesses like never before. As you recover, you may not be able to earn an income, your outgoings could rise significantly, and your life insurance policy may not help.
Critical Illness Insurance is a reliable product that can protect you and your family should you be diagnosed with a covered illnesses or condition.
Conditions covered under a critical illness insurance plan vary depending on the provider. What is typically covered is: Cancer, Heart disease, Stroke, Alzheimer's, Coma, Organ failure, Kidney failure, Paralysis, Bacterial Meningitis, Loss of Hearing, Loss of Vision, Loss of Independent Existence, Multiple Sclerosis, Parkinson's Disease, Occupational HIV infection, Aortic or Heart Valve Surgery
How the Critical Illness benefit can be used?
You have the freedom to use the benefit to best suit your needs:
Source of income - the benefit can be used as a source of income while you focus on recovery.
Cover large debts - Pay off the balance of your mortgage, credit cards or other debts.
Medical treatments & private care - get access to the latest treatments as well as private care services that are not covered by a government health plan.