If the unexpected happens – Critical Illness Insurance

Sorry to say, but by our mid-forties the likelihood to be diagnosed with a critical illness greatly increases. And if the unexpected happens then critical illness insurance help you stay focused on getting well.

If you were facing a critical illness such as cancer, a heart attack or stroke, would you and your loved ones be financially protected? Recovery could take a while, and you may not be fully covered by work benefits or Employment Insurance. Facing a critical illness is hard enough. That’s why CPP Critical Illness Insurance plans are designed to take stress away.

Critical Illness Insurance pays you while you are living.

A living tax-free benefit that provides a lump-sum you can spend on anything you want if you are diagnosed with a specified covered illness. Critical illness insurance can provide you and your family with the peace of mind that these expenses will not jeopardize your financial security while you recover. It can be used to cover many costs including: medical care, travel expenses, wages of a family member leaving work to help and more.

Critical Illness Insurance can be an important element in your financial plan. Critical illness insurance can serve as a financial safety net for you and your family in the event that you are diagnosed with a Critical Illness, such as cancer or cardiac disease. Since these medical emergencies typically incur larger than average expenses, Critical Illness Insurance can provide additional financial support to help you focus on your recovery.

CPP Critical Illness Insurance main features:

• No medical tests or exams
• Easily get coverage in just days
• Receive up to $100,000 of protection
• Coverage for Cancer survivors
• You may be eligible to apply, even with a pre-existing condition
• Coverage up to age 75
• Payments don’t start until the second month, applicable on monthly payment plans

It’s what statistics said:

statistics indicate that over 90% of critical illnesses come down to two:

• According to the Canadian Cancer Society, approximately 1 in 2 Canadians will be diagnosed with cancer in their lifetime
• About 1 in 12 Canadians is living with diagnosed heart disease, according to Health Canada.

While these facts may be sombre, it is heartening to know that today’s medical advances are rapidly raising life expectancies. However, what if you were facing a critical illness such as cancer, a heart attack or stroke; would you and your loved ones be financially protected?

Cardiac Protect Critical Illness Plan

Coverage for 18 – 65 years old:

• Minimum $10,000
• Maximum $50,000
• Non–renewable
• Non-convertible

Cardiac Protect Plan provides coverage up to age 75 and will pay the insured amount if you are diagnosed with one of the following critical illnesses: heart attack, stroke, aortic surgery, coronary artery bypass surgery and heart valve replacement or repair.

Cancer Protect Critical Illness Plan

Coverage for 18 – 65 years old:

• Minimum $10,000
• Maximum $50,000
• Non–renewable
• Non-convertible

Cancer Protect Plan provides coverage up to age 75 and will pay the insured amount if you are diagnosed with one of the following critical illnesses: cancer, aplastic anemia and benign brain tumour.

Cardiac and Cancer Protect Critical Illness Plan

Coverage for 18 – 65 years old:

• Minimum $10,000
• Maximum $50,000
• Non–renewable
• Non-convertible

Cardiac and Cancer Protect Plan provides coverage up to age 75 and will pay the insured amount if you are diagnosed with one of the following critical illnesses: heart attack, stroke, aortic surgery, coronary artery bypass surgery and heart valve replacement or repair and cancer, aplastic anemia and benign brain tumour.

If you claim on one plan, (for example cardiac), the other plan remains in effect at a reduced premium.

Additional non-contractual benefits

In addition, your insurance plan may include a number of non-contractual benefits such as:

• an online document preparation service helps create customizable wills, powers of attorney and healthcare directives.
• competitive scholarships for tuition for higher learning worth up to $8000
• a renewable higher learning scholarship worth up to $6000 per year for four years for children of deceased members
• emergency grants to provide short term, temporary financial assistance to members affected by significant personal hardship, disaster or large-scale emergency
• a monthly payment for orphans up to the age of 18 upon the death of both parents
• money management assistance to provide confidential financial help by accredited counselors

You can contact me any time for more information or to buy a critical illness plan.