Critical illness insurance can give you a tax-free payment if you’re diagnosed with a serious condition. Your contract will define which conditions you’re covered for, but some examples include cancer, heart attack or stroke.
How does this help you?
Critical illness can happen to anyone and anywhere in spite of making healthy lifestyle choices. Critical illness insurance gives you coverage where it counts and reduces financial stress that comes with the treatment of these illnesses so that you can completely focus on recovery.
Replace any reduced or lost income for you and your spouse, who may wish to take time off work to care for you.
Get additional help at home for you or your family.
Take advantage of new treatments that are not covered by government health insurance plans.
Reduce debt and other financial concerns while coping with your illness.
Some facts to consider
One in three Canadians will develop a life-threatening cancer.
One in two heart attack victims are under 65 years old.
Each year, 50,000 Canadians suffer a stroke. Of all stroke victims, 75% will be left with a disability.
