Critical Illness Coverage

RRSPs and RRIFs GICs Medical Plans Segregated Funds Critical Illness Coverage Life Insurance Products

Critical Illness insurance is relatively new to Canada. Unlike life insurance, Critical Illness pays a tax-free lump some of money on the diagnosis of one of a number of illness or physical conditions such as heart attack, stroke, cancer, M.S., or loss of speech, sight or hearing. The benefit of Critical Illness coverage is that it pays an amount that will replace lost wages or to finance the cost of a change in lifestyle brought about by illness. When we review the financial plan of a client, we try to identify the risks to the success of that plan. Often the biggest risk to a family's financial health is a change in the physical health of one or more members of the family. The cost of equipment changes to the house or even the monthly cost of care facilities can dramatically alter the best laid financial plans. Critical Illness coverage can help. As part of an overall risk management plan, we can tailor a program that is best for you.