Why you and your family need Critical Insurance
What is Critical Illness Insurance?
Critical Illness insurance is insurance against a number of illnesses that pose the greatest threat to your health, such as strokes, cancer and heart attacks. This insurance will pay you the lump sum you asked for in the event of a major illness.
Questions to ask yourself:
The average claim age on critical illness insurance is 49. Is that surprising?
Statistics
Heart disease, stroke and cancer are the leading health problems facing Canadians today:
What is Critical Illness Insurance?
Critical Illness insurance is insurance against a number of illnesses that pose the greatest threat to your health, such as strokes, cancer and heart attacks. This insurance will pay you the lump sum you asked for in the event of a major illness.
Questions to ask yourself:
- Can you afford to shoulder the costs associated with becoming critically ill?
- Would you meet your retirement goals if you were to remove, say, $50,000 to $1,000,000 from your savings plan?
- How do you plan to bear day to day expenses, if you became critically ill?
- Have you thought about receiving insurance money while still alive?
The average claim age on critical illness insurance is 49. Is that surprising?
Statistics
Heart disease, stroke and cancer are the leading health problems facing Canadians today:
- 38% of Canadian women and 44% of Canadian men will develop cancer during their lifetime.
- It is estimated that there are over 70,000 heart attacks in Canada each year.
- Every 10 minutes, a Canadian has a stroke.
- Cancer mortality rates are declining for males of all ages and for females under 70.
- In recent years, survival rate among patients hospitalized for a heart attack has increased to 92%.
- 80% of Canadians hospitalized for stroke each year survive.
These conditions are covered by a Critical Insurance Policy*
- Heart Attack
- Bypass Surgery
- Multiple Sclerosis
- Cancer
- Alzheimer's Disease
- Kidney Failure
- Parkinson's