Critical Illness
Critical Illness
cancer sucks. money doesn't.
Critical illness insurance defends your financial well-being at a time when your home or retirement savings could otherwise be jeopardized. The benefit is a one-time, tax-free payout 30 days following the diagnosis of a critical illness with roughly 75% of claims being cancer-related.
It is up to you how to use the benefit. For some the money is vital to their recovery by helping fund specialized treatments and medications not covered by government programs. For others it provides the financial flexibility to fund family travel expenses or allow a family member to take significant time away from work.
With benefits amounts ranging from $25,000 to $1,000,000+ there is a plan to fit a variety of needs based on an assessment of income, assets, and debt levels.
Though heart attack, stroke, and cancer account for approximately 85% of claims most plans cover 20+ other illnesses.
plans are customizable
Choose a payment structure:
Choose a payment structure:- increasing premiums upon automatic renewal, usually every 10 years
- level premiums until expiry
- limited pay periods – usually 15 or 20 years.
Add optional features:
- return of premiums at death, expiry or surrender on level premium plans
- partial claims for non-life-threatening conditions
- limited pay periods – usually 15 or 20 years.