What is Critical Illness Insurance

Critical illness insurance provides you with a lump-sum payment after a critical illness is diagnosed. As a result, you can devote 100% of your energies to your recovery, without worrying about the financial impacts of the illness.

Being diagnosed with a critical illness is a devastating event, not just for you, but also for your spouse, your family, and even business partners.

A critical illness often requires you to leave your job to focus on getting well. Even though you may be experiencing a loss of income, your expenses and loans still have to be paid, not to mention the additional cost that go along with a critical illness (medication, special treatment, specialized equipment, home renovation, etc..)

The financial burden can be worrisome, especially if you don’t have other source of income during your recovery period.

Heart Disease

One in four Canadians will develop some form of heart disease during their lives. 
One in two heart attack victims is under age 65.
82% of victoms survive their first heart attack. 

Stroke
One in 20 people are at risk for stroke. 50,000 Canadians suffer from strokes each year.
75% of victims survive their first stroke.

Cancer
One in three people will develop cancer during their lives.
Three out of four families will be affected.

Sources:Canadian Cancer Society, Heart and Stroke Foundation of Canada.