CRITICAL ILLNESS INSURANCE
Critical Illness Insurance provides a lump sum cash benefit to spend as you choose should you experience a life-threatening illness or a severe injury. Many people are surprised to learn the average age of critical illness insurance claimants is 47. The statistics show that 80% of the mortgage foreclosures in Canada are caused by an illness in the family!
In coping with a critical illness, you would face choices concerning your recovery. Treatment, lifestyle adaptation, and one-time, transitional costs could exceed government health care coverage and could erode your disability income or your savings. If you experienced one of the life-altering illnesses covered by Critical Illness Insurance, you would receive a lump sum cash benefit to spend in any way you choose, for example to:
- Fund treatment, therapies or adaptive equipment not fully covered by provincial health care plans
- Reduce or eliminate outstanding debts, allowing you to focus on recovery instead of financial commitments
- Provide for home care, child care, or other expenses during recuperation.
The underwriting requirements for Critical Illness Insurance are more restrictive than those for Life Insurance. Contact me to check if you would qualify to apply for Critical Illness Insurance. I will determine your needs for Critical Illness Insurance and explain you how it works. The covered conditions, the definitions of the covered illnesses, the additional benefits, the payment and the return of the premiums vary considerably from one insurance company to another and between the different insurance contracts. Always ask for help from a qualified professional! I proud myself to have in depth knowledge of this complicated type of insurance and I would be happy to share it with you.
Guaranteed Issue Critical Illness Insurance for Cancer Survivors
You are a cancer survivor. Congratulations! You won the battle against cancer! In that battle you and your loved ones managed to face the expenses not covered by OHIP. You understand perfectly well the importance of Critical Illness Insurance. You know it pays a tax-free amount at the right time, when money is most needed, when you must concentrate on fighting the illness, and not the financial problems associated with it. Unfortunately, now no insurance company would consider you eligible for Critical Illness Insurance. At least, that's what you heard. Wrong! You can buy up to $50,000 Critical Illness Insurance no questions asked, and it will cover you for 23 illnesses, including any other type of cancer. What is more, it will cover even the type of cancer that you had before you purchased this policy, if you stay treatment free for 60 months before your claim. And notice – “treatment” does not include preventive medications and follow-up visits to the doctor! Isn’t that amazing? Of course, as with any other Critical Illness Insurances, no benefit is payable for cancer diagnosed in the first 90 days after you purchase or reinstate your insurance. This is standard in the industry. This insurance has many more wonderful features! The entire process of purchasing this insurance is done on a non-face-to-face basis. On the phone, on ZOOM, Webex, Skype, whatever is your preferred way of communication. You will sign the application by email and receive your policy directly from the insurance company. Remember, my services are 100% free of charge to you! You get the benefit of my advice of a Certified Health Insurance Specialist with 18-year long experience, absolutely for free. Reserve a time slot for our remote session and I will help you setting up your protection.