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Critical Illness Insurance

Protection for your loved ones if the worst should happen.

Critical Illness Insurance

Several obstacles could potentially derail your financial security, such as a marriage breakdown, a stock market crash, or being sued. Another risk to your financial health would be the diagnosis of a life-threatening critical illness. While it might be difficult to insulate yourself against some of the threats to retirement security, Critical Illness Insurance goes a long way to mitigate the financial disaster resulting from a change in health.  If you become sick with an illness covered by your policy and survive the waiting period, you’ll receive a lump-sum cash payment which can be spent any way you wish.   

Critical Illness Insurance has many different options to consider, such as Return of Premium should you not suffer a critical illness.

Key features of Critical Illness Insurance:

  • The policies usually cover most major illnesses such as severe heart conditions, cancer, strokes, blindness, deafness, paralysis, and many other conditions.
  • There are no restrictions on how you use the payment.
  • It is known as a “living benefit” as the benefit is payable to the insured, not a beneficiary.
  • In contrast to disability insurance, critical illness insurance is paid even if you are able to return to work following your diagnosis.
  • If you become sick with an illness covered by your policy and survive the waiting period, you’ll receive a lump-sum cash payment which can be spent any way you wish.

We can help you determine what makes the most sense for you!

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