A Diagnoses of a Critical illnesses, such as cancer or heart attack, can create a financial burden for your family and/or business, drastically affecting your personal life and overall lifestyle. Critical illness insurance is intended to ease the financial pressures by paying a tax-free lump sum if you become seriously ill or totally disabled.
A critical illness policy will trigger a claim in the event of diagnoses by your medical doctor, regardless of your ability to return to work and is paid independent of your disability coverage.
One of the attractive options available is the return of premium option. This option states that if you have not claimed, you may elect to exercise the refund of premium option with some policies at death to the beneficiary or at expiry date to the policy owner.
We recommend that you review your critical illness insurance every few years to ensure that you have the most up to date definitions and policy provisions. Please call us today if you wish to review your current policy and/or your insurance needs.
Basic Covered Illness:
- Heart Attack
- Coronary Bypass Surgery
- Breast Cancer
- Prostate Cancer
- Other life-threatening cancer