Have You Heard About Critical Illness Insurance?

Scott McEachern |

If your house catches on fire, you have home insurance. If your iPhone breaks, you probably have a warranty for it. But what happens if you get cancer, have a heart attack or a stroke? Some would say you’d die, but realistically thanks to advancements in health care, there’s a good chance you’ll live.

For $10-$30 per month (depending on coverage, age, and gender), we offer critical illness insurance coverage that ranges from $25,000 to $75,000 as a tax free lump sum payout upon survival of 30 days after a diagnosis. As well, we offer guaranteed issue insurance options, where you automatically qualify for coverage if you can answer "no" to the 4 qualifying questions.

Imagine how useful this money could be. You can take time off work to recover and your spouse could be off work supporting you too. The money could help cover transportation costs to see specialists, or increased medical bills because not everything is covered by OHIP. You could even take a vacation. This would be your money to use as you choose and at the same time you are protecting any hard earned dollars you’ve saved over the years.

The intention of this coverage is that you can focus on recovering from your illness and not have to worry about where your next mortgage payment will be coming from. To learn more, please give us a call at 705 733 9385.