Introducing critical illness insurance
Are you aware that we offer an insurance product that will pay you a tax-free lump sum when you are diagnosed with a life threatening critical condition?
Allow me to ask you this:
- Do you know anyone who has had a heart attack, been diagnosed with cancer or suffered a stroke?
- When you heard this news – were you surprised?
- Do you think they were surprised too?
- How traumatic, emotionally and financially, do you think this was for them and their family?
- If their insurance broker had shown up shortly after that diagnosis with a cheque, no strings attached, do you think that would have helped?
This is what critical illness insurance does!
Shortly after diagnosis of a covered condition, the insurer pays you a tax-free lump sum to be used anyway you choose.
It can:
- Cover the cost of medical care that is not covered by OHIP or your employer’s medical plan, including deductibles, co-pays, and preset maximums.
- Cover the cost of non-traditional treatments and assessments.
- Allow you to seek treatment outside of Canada.
- Pay for accommodation near the treatment centre for you and your family members.
- Pay the cost of flights and accommodation for family members to be there for support.
- Fund unpaid leave or time off for your significant other to be by your side during treatment and recovery.
- Hire a nanny to keep things as normal as possible for your children.
- Pay bills, mortgage, loans.
- Supplement lost income if you are not able to continue working.
- Pay to retrofit your home or vehicle if mobility assistance is now required.
- Pay for career retraining, if a change in job is needed post-recovery.
- Pay for your post-recovery holiday celebration with family and friends.
What are the covered conditions?
- Acquired Brain Injury
- Aortic Surgery
- Aplastic Anemia
- Bacterial MeningitisBenign Brain Tumour
- Blindness
- Coma
- Coronary Artery Deafness
- Bypass Surgery
- Dementia including Alzheimer’s
- Heart Attack
- Heart Valve Replacement
- Kidney Failure
- Life-Threatening Cancer
- Loss of Limbs
- Loss of Speech
- Major Organ Failure
- Major Organ Transplant
- Motor Neuron Disease
- Multiple Sclerosis
- Occupation HIV Infection
- Paralysis
- Parkinson’s Disease
- Severe Burns
- Stroke