Critical Illness insurance coverage is a ‘relatively new’ type of insurance protection. Although it was introduced over 25 years ago (1993) to the Canadian marketplace, it is ‘relatively new’ when compared with life insurance coverage which has been available to the Canadian consumer for over a 150 years!
What is interesting to note is that an insurance company did not develop the concept of Critical Illness insurance, nor did a product specialist or head office marketing manager. The world famous heart surgeon, Dr. Marius Barnard designed Critical Illness Insurance. Dr. Barnard discovered that although he could save his patient’s lives as a surgeon, the ‘financial stress’ associated with surviving a life-altering illness, compounded by the need possibly to return to work before they were mentally and physically ready, was extremely counter-productive to the recovery process. The Solution: A policy that provides a Tax-Free lump sum payment after 30 days of a diagnosis of Cancer, Heart Attack, Stroke or 21 other illnesses.
Getting sick is not something that most of us think about. However, a serious illness could deeply impact your family’s finances.
Critical Illness Coverage
Make it part of your Insurance Protection.
Critical Illness will provide you with a Tax-Free lump sum payment after 30 days (*some exceptions apply) to help you maintain and rebuild your lifestyle following any one of these 24 life-altering illnesses.
- Heart Attack
- Coronary Artery Bypass Surgery
- Alzheimer’s Disease
- Aortic Surgery
- Benign Brain Tumor
- Heart Valve Replacement
- Kidney Failure
- Loss of Limbs
- Loss of Speech *(180 Days)
- Major Organ Transplant
- Major Organ Failure (on Waiting List)
- Motor Neuron Disease (ALS or Lou Gehrig’s Disease)
- Multiple Sclerosis
- Occupational HIV Infection
- Paralysis *(90 Days)
- Parkinson’s Disease
- Severe Burns
- Aplastic Anaemia
- Bacterial Meningitis
We offer a wide range of critical Illness insurance products that each serve a specific function or purpose for a particular insurance need.
Some of the critical Illness insurance plans & features that we offer are:
- Term Plans for 10 or 20 Years or To Age 65
- Level & Permanent Insurance Plans to Age 75 or Age 100
- 3 to 26 covered illnesses or conditions
- Optional Benefits such as Return of Premium on Death or upon Maturity Date
Each of the Critical Illness insurance plans listed above can cover a unique & specific insurance need such as:
- Mortgage Payments
- Household Expenses
- Temporary or Short Term Income Replacement
- Line of Credit Payments
- Medical Expenses
- Modification to a home to accommodate Wheel Chair Access if required