Critical Illness Insurance
Critical Illness coverage
helps survivors to manage the costs associated with
recovery by providing a valuable lump-sum payment.
Generally, the policy pays the face value on the 31st
day of being diagnosed. This money, which can be used
for any post-illness expense, helps critical illness
survivors deal with the financial demands of recovery.
Hundreds of thousands of Canadians - single parents,
families, independent business owners, contract workers
without benefits - suffer from serious illnesses each
year. Thanks to the advance of modern medicine and
technology, many of these people will survive their
ordeal. But recovery can be expensive and can take a
long time.
This money can be used in many ways, including:
-
Upgrading your home or
relocating
-
Protecting savings and
assets that have been built up over the years
-
Maintaining your family's
post illness lifestyle
-
Replacing lost income
-
During your crucial
recovery period, keeping a business going
-
Reducing or paying off a
mortgage
-
Reducing debt incurred
before or during your illness
Conclusion: "You
need insurance, not only because you are going to die,
but because you are going to live." -
Dr. Marius Barnard, product founder.
With advances in medical
science and technology and increasing life expectancy in
Canada, we have a greater chance of experiencing a
serious illness and surviving!
