YOUR "STUFF" IS COVERED...BUT ARE YOU?
Critical Illness insurance
Government health plans may not cover all the costs associated with living with a critical illness. When faced with the choice between getting life-saving treatment and financial ruin, many Canadians are forced to deplete their retirement savings or take on additional debt to cover the costs.
THE RISK OF A CRITICAL ILLNESS IS REAL. THE COSTS...DEVASTATING
Did you know:
- The average cost of a single course of treatment with current cancer drugs is $65,000 with the individual being responsible for up to $13,000 or more of the cost.
- For 1 in 12 Canadian Families, drug costs amount to more than 3% of their net household income.
- The maximum length of EI coverage is about 23 weeks shorter than the duration of breast cancer treatment which could have patience returning to work prematurely for financial reasons.
- The cost of drugs for kidney cancer can cost up to $38,000 a year.
A CRITICAL ILLNESS DOESN’T HAVE TO EQUAL FINANCIAL HARDSHIP
Critical Illness insurance provides funds when it's critical. Following diagnosis of one of the 25 covered conditions, and a survival period of usually 30 days, you'll receive a lump sum to spend any way you wish:
- Make your mortgage payment and keep your home.
- Keep your business running.
- Cover the costs of extended care.
- Explore out-of-country or alternative therapies.
- Remain independent for as long as possible.
Critical Illness insurance takes care of the financial worries so you can focus on your recovery.