People are living longer than ever before. The chances of surviving a critical illness today are much higher than they were in the past, making it that much more important to have sufficient critical illness insurance.
Consider the following odds:
• Chances of a Canadian developing a life threatening cancer are 1 in 3.
• Chances of a Canadian contracting heart disease are 1 in 4.
• Over 50,000 Canadians will suffer from stroke this year.
• Over 50,000 Canadians will develop Multiple Sclerosis.
• Chances of a Canadian developing kidney disease are 1 in 4.
With Critical Illness Insurance, you have the ability to pay off your mortgage, line of credit, loans or any debts if you become critically ill, plus the option of getting your money back if you don't.
When you are insured under the critical illness insurance plan, you will receive a lump sum benefit from $10,000 to 2 Millions, TAX FREE based on the benefit purchased, when you survive 30 days from the diagnosis of critical illness.
26 illnesses are covered under critical illness coverage, including: Stroke, Heart Attacks, Paralysis, Cancer, Kidney Failure, Severe Burns, Parkinson's Disease, Occupational HIV, Coma, Benign Brain Tumor, Coronary Artery Bypass Surgery, Major Organ Transplant, Heart Valve Replacement, Motor Neuron Disease, Multiple Sclerosis, Alzheimer's disease, Aortic Surgery, Aplastic Anaemia, Bacterial Meningitis, Blindness, Deafness, Early Discovery benefit, Loss of Independent Existence, Loss of Limbs, Loss of Speech, Major Organ Failure on waiting list.
You can always get your money back if you never make a claim!
• Return of Premium on Death Rider- This option will return 100% of your eligible premiums should death occur before you make a claim.
• Return of Premium on Surrender / Expiry Rider - This option will return a percentage of all eligible premiums, up to 100% should you wish to terminate your coverage, for any reason, after your policy has been in force for a specific amount of time. The percentage will vary based on age, plan chosen and length of time the policy has remained in force as outlined in your contract.
So why not protect yourself with an innovative plan that pays cash to you either way.
