Critical Illness Insurance
Do you know anyone who has survived a severe illness such as a heart attack, stroke or cancer? Did it have an impact on their lives or those close to them?
Personal Critical Illness Insurance is a form of protection that provides you with a pre-determined lump sum payment (ex. $100,000) 30 days after the diagnosis of a Covered Critical Illness. This type of coverage provides you with financial peace of mind while you focus on recovery. The lump sum payment can be used at your discretion. Some people use it to pay their mortgage, to cover lost income, to pay for a private nurse or special medical equipment, or even for out-of-country treatment. You decide what is important and what you do with this payment if you are diagnosed with an illness or injury.
*Covered Critical Illnesses: Alzheimer’s Disease, Aortic Surgery, Aplastic Anemia, Bacterial Meningitis, Benign Brain Tumour, Blindness, Life Threatening Cancer, Coma, Coronary Artery Bypass Surgery, Deafness, Heart Attack, Heart Valve Replacement, Kidney Failure, Loss of Independent Existence, Loss of Limbs, Loss of Speech, Major Organ Failure on Waiting List, Major Organ Transplant, Motor Neuron Disease, Multiple Sclerosis, Occupational HIV, Paralysis, Parkinson’s Disease, Severe Burns, Stroke and Early Discovery Benefit.
*Important note: Please refer to the recommended insurance company’s contract for specific definitions for the covered conditions and the requirements you must satisfy to receive benefits.