Critical Illness Insurance is a form of protection that can provide you with a lump sum payment if you suffer from a covered critical illness and the survival period are satisfied (generally 31 days).
The physical and emotional strain of a critical illness can be severe and when you combine that with the potentially damaging financial impact, the result can be devastating. Contact me to learn more about Critical Illness Insurance and whether or not it’s right for you.
That’s where the critical illness benefit comes in—you are free to spend the money as you wish (to help cover lost income, to pay for private nursing or out-of-country treatment, for medical equipment or even to pay off your mortgage). It can help you where you need it most so you can focus all your energy on recovering.
See related article in the Globe and Mail, “Critical Illness Insurance Buys Peace of Mind.”