why purchase critical illness insurance

Why Purchase Critical Illness Insurance?

You may have asked yourself Should I buy Critical Illness Insurance? It’s estimated in Canada  this year over 75 thousand Canadians will be diagnosed with Cancer while another 1.3 million of Canadians are living with Heart Disease. A serious illness can bring unexpected hardship on a family, from having to pay for medical coverage outside of the provincial health plan or group benefit plan.

It can  reduce hours at  work and time spent with family, friends and other financial responsibilities. When limiting money can jeopardize paying your Mortgage or having money set aside for your child’s university funds,you want to make sure you’re covering some bases .

With that concern being such a common reality, Critical illness Insurance has been seen as an effective solution. Critical illness insurance provides a lump sum payment to you. Amounts starting from $25000, plans with return of premium and simple issue application make Critical illness insurance protection  easier than ever to get approved for.

critical illness insurance financial preparation for the household

Simple Issue – No Medical Coverage

Many Insurance companies recently in order to make coverage accessible and affordable for Canadians have introduced simple issue policies. Simple issue policies are meant to provide coverage without nothing more than a few questions and payment. The coverage will usually be for approximately 4 of the major critical illness It’s an affordable path to protect yourself. Usually the conditions covered consist of Cancer, Heart Attack, Stroke

Critical Illness Insurance is a living benefit policy that provide a lump sum payout  if you are diagnosed with one of the illnesses.

What types of illness are covered?

  • Aortic surgery
  • Aplastic anemia
  • Bacterial meningitis
  • Benign brain tumour
  • Blindness
  • Cancer (life threatening)
  • Coma
  • Coronary artery bypass surgery
  • Deafness
  • Dementia, including Alzheimer’s disease
  • Heart attack
  • Heart valve replacement or repair
  • Kidney failure
  • Loss of limbs
  • Loss of speech
  • Major organ failure (on waiting list)
  • Major organ transplant
  • Motor neuron disease
  • Multiple sclerosis
  • Occupational HIV infection
  • Paralysis
  • Parkinson’s disease and specified atypical parkinsonian disorders
  • Severe burns
  • Stroke

How do I Apply For Coverage?

Critical Illness is an effective way to protect yourself and family should you be diagnosed with a major illness.

Contact us today for a free no obligation quote and we can put together the plan that’s right for you at 1-866-833-7992.