Critical Illness Insurance
Illness doesn't discriminate, and it touches more lives than many realize.
Critical illness insurance provides a lump-sum payment (subject to policy terms) if you are diagnosed with a covered condition. This financial support gives you the flexibility to make decisions and focus on recovery in a way that suits your needs.
If you experience a serious illness, your priority should be healing and getting back to good health.
Your benefit could allow you to:
1
Refrain from liquidating RRSPs or other invested assets.
2
Reduce your outstanding liabilities, such as mortgage balances and personal loans, to improve your financial health.
3
You have the ability to choose medications or treatments paid out of pocket that are not covered by benefits or the government.
4
Having the option to replace your income or a partners
5
Giving you the option to hire someone to run your business while you need to step away and care for your health
No two critical illness policies are identical.
Ensure you have the optimal coverage by seeking expert advice before purchasing a critical illness policy.
Watch the video below about Dr. Marius Barnard, the creator of Critical Illness Insurance.