CRITICAL ILLNESS INSURANCE SERVICES
Critical illness insurance is a form of protection that provides you with a lump sum payment in the event of a devastating illness if the survival period is satisfied. It is particularly important to consider during your major income-earning years. This is when a temporary or permanent loss of income would potentially have the greatest impact on your lifestyle caused by severe illness. So, people can take Critical illness insurance from one of the best Critical illness insurance agent in Mississauga.
If you are diagnosed with a covered critical illness, the benefit can be used to:
- Mortgage or rent
- Loans and other debts
- Groceries and utilities
- Credit card payments
- Other living expenses
Also, keep in mind you may incur additional expenses.
- Healthcare (hospital room, drug costs, etc.)
- Travel for treatments
- Childcare during treatment and recovery
- Domestic help (live-in nurse)
These are some of the expenses that can give you an idea of how much coverage you may need.
We are providing you with Critical Illness Insurance around the Mississauga area. Many people do not think about Critical Illness Insurance, but situations are responsible for this.
Adi n Adi will create a custom fit plan for your critical illness insurance from among the Top Critical illness insurance agent in Mississauga.
A critical illness can happen to anyone:
- It is estimated that there are over 70,000 heart attacks in Canada each year.
- There are between 40,000 and 50,000 strokes in Canada each year.
- An estimated 3,075 Canadians will be diagnosed with cancer disease every week.
- 1 in 2 heart attack victims is under the age of 65.
- 1 in 3 Canadians will develop a life-threatening cancer disease.
- 1 in 4 Canadians will suffer from kidney disease.
- The average age of claim on critical illness insurance is 41.
Critical illness insurance agent also offers additional coverage such as:
- Return of Premium
- Return of Premium on Expiry
- Loss of Independent Existence Benefit
- Disability Waiver of Premium Benefit
- Limited Premium Payment Option
- Return of Premium on Death
Cancers and Tumors:
1. Benign Brain Tumor
2. Cancer (Life-Threatening)
Cardiovascular:
3. Aortic Surgery
4. Coronary Artery Bypass Surgery
5. Heart Attack
6. Heart Valve Replacement or Repair
7. Stroke (Cerebrovascular accident)
Neurological:
8. Bacterial Meningitis
9. Dementia, including Alzheimer’s disease
10. Motor Neuron Disease
11. Multiple Sclerosis
12. Parkinson’s Disease and Specified Atypical Parkinsonian Disorders
Vital Organs:
13. Kidney Failure
14. Major Organ Failure on Waiting List
15. Major Organ Transplant
Accident and functional loss:
16. Acquired Brain Injury
17. Blindness
18. Coma
19. Deafness
20. Loss of Limbs
21. Loss of Speech
22. Paralysis
23. Severe Burns
Other:
24. Aplastic anemia
25. Occupational HIV Infection
+ Long-Term Care
Coping financially with an illness is just part of the picture. Having access to emotional support and medical treatments can help your recovery.
Critical Illness insurance agent provides you access to the top 5% of specialists in their fields. They can:
- Provide a second opinion
- Help understand medical conditions
- Explain treatment options
- Help navigate the health care system
You and your family can get professional help to deal with the impact of your illness. They can provide:
- Counselling services
- Family support services (child care, home care)
- Legal and financial consultations
- Nutritional advice
Depending on your situation you may need only critical illness or disability insurance but there are many times when you need both to fully protect yourself.
Critical illness and disability insurance work together to help reduce the impact of disability or serious illness.
| Critical illness insurance | Disability insurance | |
| Payment type? | Tax-free, one-time payout | Monthly income replacement |
| When do you receive the payment? | If you’re diagnosed with a covered condition | If you can’t work because of injury or illness |
| Do you have to wait? | No waiting period in certain cases | Usually will have to wait |
| How long does your coverage last? | Coverage for life | Ends at age 65 |
| Ideal for? | A large sum that you can use for what you want like paying medical expenses, mortgage and pay off debt | Covering monthly expenses |
A Financial Advisor is responsible for asking you about the risk factors that will determine your category involved in taking a particular policy. These questions involve your family’s medical history and your health, in addition to your lifestyle habits or that might affect your health in the future. For example, smoking and some dangerous hobby change your risk category.
Answer the question with all honesty; if you are not true, this could negatively affect your family’s right to collect on your benefits if the insurance company finds that you lied on your application. Once you’ve been accepted and acknowledged the Critical Illness policy, tell your family members about the insurance policy. It is a way of protecting your family’s financial structure.
Partners
DISCLAIMER
Commissions, trailing commissions, management fees, and expenses all may be associated with segregated fund investments. Please read the prospectus before investing. Segregated funds are not guaranteed, their values change frequently and past performance may not be repeated. Insurance products and services are provided through DIFFERENT CANADIAN INSURANCE COMPANIES.
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