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Critical Illness Insurance for you
Did you know?
- Although prostate cancer remains the most frequently diagnosed cancer among Canadian men, prostate cancer death rates declined significantly between 1995 and 2004.
- Although breast cancer is the most frequently diagnosed cancer among Canadian women, the breast cancer death rate has declined by more than 25% since 1986.
- Over the past 40 years the rates of heart disease and stroke have steadily declined. The rate has declined 25% over the past 10 years, 50% over the past 20 years and 70% between 1956 and 2002.
Sources: Heart & Stroke Foundation, 2008 and Canadian Cancer Society, 2008
These statistics illustrate the positive impact advancements in medical science can have towards surviving a life-altering illness. But these illnesses remain a reality in our society. Wouldn’t it be comforting to know you have the financial resources available to help deal with a critical illness?
Consider some of the potential uses for the funds from a critical illness insurance policy if you’re a:
- Fee-for-service professional or business owner – buyout insurance, key person insurance, coverage for operating expenses
- Stay-at-home parent – help supplement your family income so your spouse can stay at home with you, fund child care support
- Full-time employee – insurance coverage for your mortgage, money to explore alternative or out-of-country medical treatment options, maintaining family activities and routines
- Part-time or seasonal worker – income supplement, funds for treatment expenses in excess of, or in the absence of, health insurance
- University student or recent graduate – insurance coverage for student debt
Critical illness insurance provides financial resources to help pay for additional personal, family or business expenses that often accompany a critical illness or condition.
Critical illness insurance for your children
You may not want to think about the possibility of your child becoming critically ill, but what if something does happen?
Consider what you could do
- Take time off work to be with your child
- Consider other treatment and care options
- Focus on your child’s recovery instead of financial concerns
Child Critical Illness is designed to provide families with the financial resources to help support recovery and care of a child in the event of a critical condition and help ensure their child’s future critical illness insurability.