60% of Canadians have never heard of Critical Illness
Insurance
98% of Canadians don’t know that they can
get all their money back just for staying healthy
Without even knowing it, Canadians now enjoy the
best Critical Illness protection in the world!
Use the money as you wish: pay off debts, stop working,
take a long vacation, early retirement – it’s
up to you.
“ A Perfect Storm “ of heart disease looming on our horizon
(Heart & Stroke Foundation, Jan. 25th, 2010)Read Article
A CRITICAL ILLNESS...
it could happen to you.
Being struck by critical illness can be a devastating event for you, your spouse, your family, and even your business partners. A critical illness often requires you to leave your job to focus on getting well. While your income is reduced, your expenses and loans still have to be paid, as well as a number of additional costs that often accompany a critical illness (medication, special treatments, specialized equipment, home renovations, etc.). The financial burden can be overwhelming, especially if you don't have any other source of income during your recovery period.
It could happen to you:
159,000 new cancer cases are estimated to occur in Canada in 2007.
It is estimated there are over 70,000 heart attacks in Canada each year.
There are 40,000 - 50,000 strokes in Canada each year.
The good news is:
Survival rates for most major cancers are increasing (with the exception of lung cancer in women).Over 80% of hospitalized heart attack patients survive. The percentage is higher for those with their first heart
attack, and lower for those with recurrent heart attacks.
There are about 300,000 stroke survivors in Canada.
Sources: National Cancer Institute of Canada: Canadian Cancer Statistics 2007
Heart and Stroke Foundation, 2008
With today's advances in medical science, your chances of survival are greater than ever.
Research conducted by Manulife Financial reveals
that many consumers remain unfamiliar with Critical Illness
Insurance.
Critical Illness usually pays a one-time lump sum benefit
to an insured individual suffering from one of many critical
illnesses covered under the policy. These illnesses typically
include cancer, heart attack, stroke, Alzheimer's, Parkinson's,
multiple sclerosis. Before benefits will be paid, a doctor's
diagnosis must confirm the condition, and the insured individual
must complete the survival period, usually 30 days from the
incident diagnosis. No disability, permanent or otherwise, is
required to qualify for a Critical Illness benefit.
The advantage of a CI insurance policy is that it provides
cash up front, to be used for anything that the insured individual
chooses. These uses can range from paying for the many indirect
expenses of coping with the illness, to pursuing treatments
and therapies, beyond the scope of our over-burdened provincial
health care system.
Critical Illness Insurance is also designed to protect business owners. In the event of critical illness, your business will receive the tax-free cash it needs to
Recover lost income caused by your absence
Ensure the payment of key employee salaries
Provide you with an income during your recovery
Pay for non-covered medical fees, private care, etc.
Alleviate the concerns of lending institutions, creditors, suppliers, etc.
A critical illness often requires you to leave your job to focus on getting well. While your income is reduced, your expenses and loans still have to be paid, as well as a number of additional costs that often accompany a critical illness (medication, special treatments, specialized equipment, home renovations, etc.). The financial burden can be overwhelming, especially if you don't have any other source of income during your recovery period.
Whatever the situation, a benefit will be paid…
Critical Illness Benefit: ensures the payment of a lump-sum of up to $2,000,000, 30 days* after the diagnosis of one of the illnesses or medical conditions covered by the contract.
Return of Premiums Benefit: provides for the refund of all premiums paid since the coverage was issued, if the insured person decides to terminate their coverage, according to the option selected.
Return of Premiums Upon Death Benefit: pays the beneficiary a refund of all premiums paid since the coverage was issued, should the insured die while the coverage is still in force.
* Some conditions apply
Critical illness coverage
Critical illness insurance provides you with lump sum cash benefit when you
are diagnosed with one of 25+ critical illness. It allows you to focus your
energy on recovery and not have to worry about your finances.Some plans even
offer all premium refund at maturity if there were no claims made.
Critical illness guarantees the payment of a lump sum benefit, ranging from
$10,000 to $2,000,000, 30 days* following the diagnosis of one of the
critical illnesses or medical conditions listed below.
* Some conditions apply
The 25+ critical illnesses and medical conditions covered by Critical
illness insurance:
Alzheimer's Disease
Aortic Surgery
Aplastic Anemia
Benign Brain Tumour
Bacterial Meningitis
Blindness
Cancer (life-threatening)
Coma
Coronary Artery Bypass
Surgery
Deafness
Heart Attack (myocardial infarction)
Heart Valve Replacement
Kidney Failure
Loss of Independent Existence
Loss of Limbs (dismemberment)
Loss of Speech (muteness)
Major Organ Failure on Waiting List
Major Organ Transplant
Motor Neuron Disease
Multiple Sclerosis
Occupational Injury-HIV
Paralysis
Parkinson's Disease
Severe Burns
Stroke (CVA)
Guaranteed Illness Coverage
The primary goal of Simplified Issue is to allow you the easiest access to critical illness coverage, and thus give you the financial means to make a quick recovery.
This simplified issue protection proposes simple and easy enrolment in coverage for 10 years or age 75. If you answers “no” to the nine questions on the form, then you are automatically insured for critical illness protection that covers the four main illnesses:
Stroke (CVA)
Cancer
Coronary Artery Bypass Surgery
Heart Attack (myocardial infarctus)
Statistics of CRITICAL ILLNESS...
Whether it’s cancer, heart disease, multiple sclerosis or stroke, it’s difficult to predict who will be affected by these diseases. Statistics, however, have a lot to say about those who fall ill and can be a cause for concern.
In 2007, 2,933 cancer cases were diagnosed each week
70% of cancer-related expenses result from indirect costs
In Canada, one woman in nine will be stricken by breast cancer during their lifetime
One in four Canadians will suffer heart disease during their lifetime
One person in 20 will be the victim of a stroke
60% of strokes cause long-term disability
Luckily, statistics also show that medical advances and improved lifestyles are contributing to patient recovery from these and other illnesses
in addition to helping people live longer lives.
55%* of people afflicted with cancer will recover
82% of people will survive their first heart attack
75% of people will survive their first stroke
* Statistics can be higher or lower depending on age, sex, and the type of cancer.
Sources: Canadian Cancer Society, Heart and Stroke Foundation of Canada
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Please contact us for additional information for Critical Illness. We look forward to helping
you and your family.
Call us at 416-998-5656 to arrange a no-obligation consultation
