As Canada’s population grows, the risk of severe illnesses like cancer, stroke, and heart disease also increases significantly. A diagnosis of a critical illness can have devastating emotional and financial consequences. The financial impact it can have is often not anticipated by most Canadians. Due to the cost and high rejection rates associated with traditional critical illness plans, many people find it challenging to secure adequate coverage.
Popular insurance companies’ plans are affordable, and accessible, and offer features to boost policy potential, benefiting all Canadians.
The policy remains in force after the first benefit is paid, and the client remains eligible to receive compensation for a second, unrelated critical condition.
In the event of recurrence of the same type of cancer, after a claim has been paid, the benefit amount can be paid again, after which the policy remains in force.
At no additional cost, the benefit amount will automatically increase by 5% of the original benefit value every (5) five years the coverage remains in force, up to a maximum of 25%.
Contact your agent to learn more about Critical Illness plans today.
The first insurance in the country is a medical policy coming to Canada - Visitors to Canada Insurance (Travel Insurance Canada).