Critical illness can be defined as a life-altering illness. Critical illness insurance helps lessen the financial consequences of a serious disease. It pays a tax-free, lump-sum payment after a diagnosis.
While most Canadians do not plan on becoming critically ill, the fact is:
- 2 in 5 Canadians will receive a cancer diagnosis in their lifetime
- 1 in 12 Canadians are living with heart disease
- Over 700,000 Canadian adults live with the effects of a stroke
Critical illness is more common than many of us would like to believe, and critical illness insurance can help lessen the financial consequences of a serious disease.
Common types of critical illness include:
- Heart disease
- Cancer
- Stroke
- Blindness
- Major organ transplant
- Multiple sclerosis
- Paralysis
- Parkinson’s disease
Relying on provincial health plans or employer-sponsored disability insurance is not enough. These plans often have time limits, a waiting period and may not cover all expenses or have caps for costs associated with an illness or disease.
Canadians need a way to replace their income, pay for living expenses and cover all other financial commitments. If anyone depends on your income, critical illness insurance is important.
If you would like to learn more about critical illness insurance, please reach out to us: 1-800-679-2640 or email:
info@easyinsure.ca.