Critical Illness Insurance

 

 
 

Surviving a critical illness or condition—such as heart attack, cancer or stroke—can turn your life upside down. It can affect you physically, emotionally and financially.

.

Wouldn't it be comforting to know you have the financial resources available to help survive a critical illness or condition? Critical Illness Insurance provides financial resources to help pay for additional personal, family or business expenses that often accompany a critical illness or condition and lets you focus on what really matters...getting better!

  • Health insurance covers certain medical expenses, but may not cover all your expenses.
  • Disability insurance provides a regular income to help you meet your daily living expenses, but may not provide enough money to pay all the additional expenses.
  • Savings and RRSPs provide additional financial resources, but using them reduces your retirement income.
  • Loans provide additional financial resources, but create an additional financial burden for you, your family or business.
Who needs critical illness insurance?
  • Professionals
  • Business owners
  • Employees
  • Part-time or seasonal workers
  • Homemakers
  • University students
Suffering a critical illness or condition is more likely than you think
  • One in two men and one in three women are predicted to develop heart disease in their lifetime. 
  • There are 40,000 to 50,000 strokes in Canada each year.
  • During their lifetime:
  • 1 in 2.3 men and 1 in 2.6 women living in Canada will develop cancer.
  • 1 in 9 women will develop breast cancer.
  • 1 in 12 Canadians will develop lung cancer.
  • 145,500 new cancer cases were estimated to occur in Canada in 2004.
  • An estimated 50,000 Canadians, twice as many women as men, have Multiple Sclerosis.
Surviving a critical illness or condition is also more likely than you may think
  • 80% of hospitalized heart attack patients survive—the percentage is higher for those with their first heart attack, and lower for those with recurrent heart attacks.
  • 80% of stroke patients survive the initial event.
Could you afford these expenses?
A critical illness or condition can stretch anyone’s resources. Could you afford to:
  • Modify your home
  • Purchase a wheelchair or other specialized equipment
  • Hire a nurse, housekeeper or child care provider
  • Seek timely or non-insured treatment outside Canada
  • Pay outstanding loans or mortgages
  • Replace a key employee
  • Hire additional staff

If you would like more information about Critical Illness, please contact us.