The Financial Benefits of Critical Illness Insurance.
Critical Illness Insurance provides you with money and choices during an illness and recovery.
Critical Illness Insurance provides you with a lump sum cash benefit after a 30-day survival of a serious medical condition. Cancer, Heart Attack, Stroke, Parkinsons, Multiple Sclerosis, Alzheimers, Paralysis and Heart Surgery are just some of the many conditions that are covered by Critical Illness Insurance. For a full list of covered illnesses CLICK HERE.
Critical Illness Insurance can help you:
- Keep Your Business Running: Maintain operations, repay business loans, hire additional staff, protect a key employee, fund a buy/sell agreement.
- Cover Loss of Income for You and Your Spouse: Take time off work for your recovery. Often times a spouse will take time off work to provide support or because of stress.
- Protect Your Family and Eliminate Debt: Mortgage payments, loans, car payments, household bills, food, child support, the list goes on.
- Secure Your Savings and Assets: Avoid depleting your nest egg. Avoid taxable withdrawals from your retirement savings and investments. Protect your childrens education fund.
- Maintain Your Independence: Modify your home or vehicle to improve your mobility. Hire domestic help or in-home care during your recovery. Take a much needed vacation.
- Maintain Your Privacy: Choose to keep your illness private. Having to rely on people like family, friends and your bank for financial help can put your illness and recovery into the public spotlight, especially when a fundraiser or request for financial help is involved.
- Access to Cutting-Edge and Time-Saving Medical Services: Many of the latest medical treatments are not covered by provincial health plans and are only available in the United States. Treatment in the U.S. is often much quicker than the long wait times many patients experience in Ontario. Treatments and travel expenses are all paid for out of your pocket.
- Access to New Drug Treatments: Many of the latest drug treatments are not covered by provincial health plans. The average cost of a single course of treatment with current cancer drugs is $65,000, says the Canadian Cancer Society.
- Money to do whatever you choose: Spend more time with your family or use the benefit in any way that you want to help you focus on getting well.Book your free Critical Illness Insurance consultation today.
