You really feel like you’re on the right track. Your life seems to be going just as you planned. Maybe you have a family, the job you always dreamed of, or maybe you have your own business.
And you’re doing all the right things. You have even made plans for a rainy day. You’ve got life insurance. You’re saving for your retirement. You’re putting money aside for the kids’ education. And then it happens. You’re diagnosed with a critical illness.
What happens to your plans and dreams for the future?
Being diagnosed with a critical illness can be devastating for you, your spouse , your family , your business partners… and your finances.
Even though your world may seem to have come to a sudden halt, the reality is that life goes on. Your bills will still arrive and your mortgage will have to be paid. You may also face additional costs that accompany a critical illness like specialized equipment, renovations to your home, or have to buy medication not covered by government health plans. If you have to leave your job to focus on getting well, how will you be able to afford all this?
If you’re like most of us, you’d have to turn to your savings. How would that change you plans for the future?
You might be wondering, right now, if you’re really at risk. Is this a risk worth insuring? The fact is that Canadians are more likely to experience a critical illness or life-altering condition than they are to die prematurely.
Critical Illness Insurance provides a tax-free lump sum cash benefit upon diagnosis of a covered condition that allows you to use the money any way you wish. Critical Illness Insurance can help you to realize your dreams for the future, or to continue doing the things you’ve always done. Critical Illness Insurance is about recovery. It’s about quality of life. It’s about living…
Of course, no one can offer you protection from being diagnosed with a critical illness. But Critical illness coverage does offer tax-free financial protection for a range of critical illnesses and life-altering conditions.
Most critical illness plans cover 25 conditions, including three well known illnesses that affect thousands of Canadians each year such as Heart Attack, Stroke and Cancer. The complete list of covered conditions include…
Alzheimer ‘s disease
Loss of Limbs
Loss of Speech
Benign Brain Tumour
Major Organ Failure on Waiting List
Major Organ Transplant
Motor Neuron Disease
Coronary Artery Bypass Surgery
Occupational HIV Infection
Heart Valve Replacement
Loss of Independent Existence