Almost every one of us will know someone affected by a major, life-changing illness, be it cancer, a heart attack, MS, Parkinson's or a stroke. The physical effects can be hard-hitting, without the added stress of financial worries as well.
How does critical illness insurance work?
Critical illness insurance pays you a lump sum if you are diagnosed with a life altering illness. The payment ensure that you are not left without an income, and have funds to pay for expenses such as house alterations, professional care, adapted transport, and other costs. Since you are the beneficiary of the policy, you can actually spend the money on whatever you wish - there are no restrictions on its use.
No barrier to work
Unlike disability insurance, which stops when you return to work, you can carry on working as soon as your illness allows without losing your insurance benefits.
Key features of critical illness insurance
- Most major life-altering illnesses covered (policies vary)
- Pays out a lump sum for current and future needs
- Add critical illness insurance to an existing life insurance policy or group plan.
- Short waiting period of between 15-30 days after diagnosis
- Tax-free if you pay the premiums
How Jeff can help
If you're looking for critical illness cover, call us first. Our team has arranged cover for many local people, offering them and their families peace of mind should their health take an unexpected turn. Jeff and his team will also be happy to discuss any critical illness insurance quote you already have, and help you find one that might better it in terms of cover and costs.
For more details or to discuss your requirements, call Jeff on 519-485-5801
