Critical
Illness...the facts for Canadians...
For many Canadians, a critical illness such as a cancer, heart
attack, or a stroke, can be more devastating than death.
Because of medical advances, people are surviving many critical
illnesses and with this, may come a significant financial
burden. A critical illness may keep you from your
occupation, but the day-to-day expenses keep on going; mortgage,
loans, and the daily necessities of life will continue plus the
possibility of private nursing, home modifications, and
medication.
New to Canada in the last few years is Critical Illness
Insurance. This coverage will pay the insured a lump sum of
cash upon the diagnosis of a critical illness. This lump sum
of cash may then be used as the insured sees fit; to pay down a
mortgage, to pay for private nursing, to make modifications
to your home or enable the completion of support obligations.
Since the likelihood of a Critical
Illness is greater than death for Canadians before the age of
75, the onset of a critical illness can put your
financial picture in jeopardy! A properly structured Critical
Illness plan will insure that debt payments can be made, RRSPs
remain intact, or travel to the best medical facility is obtained.
Contact Us for a quote for Critical Illness Insurance from Canada's leading
Life Insurance Companies.
