Critical illness Insurance: why One should

go for it?

Critical Illness insurance is all about living beings and has nothing to do with

death. This type of insurance makes perfect sense during critical illness (e.g.,

stroke, heart attack, cancer etc.) and survives the ordeal or diagnosis for 30 days.

With few exceptions, a person must simply live for 30 days beyond the date of

diagnosis. That's it! Then a tax-free lump sum is paid out to you - hassle free.

Critical Illness Insurance, for the first time, was introduced and developed in South

Africa, with the first heart transplants. The doctors found that the patient recovered

from the physical operation but financially everything came to an end. The same

financial stress led to numerous emotional problems, the loss of dignity and a

reduction in the quality of life.

Critical illness insurance in Canada is one of the most popular form of insurance

that if preferred by the people. This type of insurance can be initiated through

online health insurance brokerage based across Canada as part of a larger network

of independent professional advisors across the country. Day by day Critical

illness insurance rates in Canada are growing by leaps and bounds.

The firms like Critical Illness Insurance are well aware of the growing need for

families and households to protect themselves. Should the occurrence arise where a

family member is stricken with a critical illness? The ripple effect of a critical

illness to a family member, especially if they are the family’s primary income

earner is really devastating and the financial burdens compound the health

problems considerably.

Most of the reliable insurance firms in Canada offer a simple solution that provides

any Canadian family with the peace of mind to know that they are covered should

this scenario ever arise.. In less than 10 minutes, by answering a few simple

questions you can be approved for up to $75,000 in coverage. No medical check-

up is required and it’s a guaranteed issue. It’s simple, accessible and affordable that

why Critical illness insurance rates in Canada are high.

These privately owned insurance firms have trusted and strong relationships with

all the leading Canadian insurance providers, offering a full spectrum of personal

protection products to serve our clients that are tailored to suit their budget,

lifestyle and needs at every stage of life.

Now let’s have a look at some startling statistics as released by the Government of

Canada - 1 in 2 will contract some form of cancer; 1 in 2 heart attack victims are

under age 65; 1 in 3 stroke victims are under 65 and 3 out of 4 families are affected

by a critical illness of one kind or another. What makes the news good is the fact

that 75% of stroke victims and 95% of heart attack victims survive the initial

attack. That means the passage of 30 days beyond diagnosis is almost a certainty.

Built into the policy for free at no extra cost is a huge value added feature

called Health Service Navigator out of which following advantages can be

had:

• Finding a family doctor or specialist

• Learning how to build your health care and support team

• Resources on senior care

• Information on children’s health

• Determining expenses covered by your provincial health plan

• Education on safe medication use

• Accessing tips for patient advocacy

• Understanding your illness

• Managing chronic disease

• Dealing with cancer

• Coping better with disability

• Provincial health guides

• Chronic conditions centre

• Health and drug library