We understand you may have many questions regarding your Critical Illness policy and how genetic testing may affect your ability for life insurance approval. Many people are interested in finding out which health concerns they may be pre-disposed to as a precaution. With so many companies offering mail-in genetic tests that simply rely on a drop of blood or saliva, it is common to wonder “Will I be eligible for insurance now that I have learned about more about my personal health data?” Accomplish Insurance is here to tell you that advisors are not allowed to talk about genetic testing; therefore, your results and private information remain with you.
Bill S-201, Canada’s Genetic Discrimination Law Protects Clients
Canada was actually the final member of the G7 to pass our own genetic discrimination law, called Bill S-201. This protects consumers by stopping insurance companies from relying on genetic testing results to determine pricing or coverage. This is great news for clients in terms of maintaining the privacy of their health records and not being subject to crazy premium hikes or sudden coverage denial. Accomplish Insurance is happy to help you obtain the best life insurance coverage options to help you protect yourself and your family. Certain insurance providers have argued the controversy, feeling they should be privy to the same information as their clients in order to prevent high-risk people from purchasing excessive insurance at the same rate as “low-risk” individuals.
What Will Genetic Testing Tell Me About Cancer Risks?
Certain genetic markers for breast cancer or ovarian cancer may be available through genetic testing kits that measure the variations of BRCA1 and BRCA2 genes. However, there are many considerations to take into account including family history, exercise, diet, lifestyle and whether the individual has previously had any type of cancer. Therefore, seeing on paper that you carry certain gene variations does not necessarily mean you will develop cancer or Alzheimer’s in your life. Being in a “higher-risk” category is not a guarantee that you will face that particular health crisis.
Critical Illness Insurance
Critical Illness InsuranceThere are a variety of health conditions that are covered under a critical illness policy. Approximately seventy percent of claims are related to cancer diagnosis. Accomplish Insurance wants to ensure that your family has the funds to maintain your quality of life in the event you need to take time off of work to seek treatment and heal. There is much peace of mind gained from being able to relax and focus on your health while not having the added stress of worrying about paying for the mortgage, bills, medical treatment and groceries while you are trying to heal. We have a variety of policy options to secure your peace of mind.
Discover Which Life Insurance Policies Best Suit Your Needs
We understand there are many questions regarding which type of coverage will be best for you. Many clients have policies through their employer and prefer topping up coverage to ensure they are still covered if they change jobs or careers. Stress is the precursor to many diseases. We invite you to book an appointment so that we can discuss all of your questions and concerns.