Critical Illness Insurance

Do you have the financial resources to survive a critical illness such as a heart attack, life-threatening cancer or stroke?

Suffering a critical illness or condition is more likely than you think:

  • There are an estimated 70,000 heart attacks in Canada each year.
  • More than 50,000 strokes occur in Canada each year
  • During their lifetime:
    • 1 in 2.2 men and 1 in 2.5 women living in Canada are expected to develop cancer.
    • 1 in 9 women is expected to develop breast cancer.
    • 1 in 11 men and 1 in 16 women are expected to develop lung cancer.
  • An estimated 55,000 to 75,000 Canadians have Multiple Sclerosis.

Sources: Heart and Stroke Foundation. 2009: Canadian Cancer Society’s Steering Committee: Canadian Cancer Statistics 2009. Toronto: Canadian Cancer Society. 2009: Canadian Cancer Society. 2009: Multiple Sclerosis Society of Canada. 2010

A strategic tool to add to your financial portfolio is critical illness insurance. This valuable coverage pays out a tax-free lump sum amount should you develop a critical illness as stated in the policy.

Use the benefit for personal or family needs such as:

  • Financing a recovery vacation
  • Paying down mortgage and personal loans
  • Hiring a nurse or domestic help
  • Paying for timely, non-insured or experimental treatment outside Canada
  • Modifying your home
  • Protecting retirement savings