Diane A Gagné | Financial Services - critical Illness protection

By: Diane A Gagné  09-12-2011
Keywords: health care

Many peoples believe they will never become seriously ill. However, serious illness occurs more often than you think; consider these recent statistics:

  • 1 in 2 men and 1 in 3 women will develop heart disease in their lifetime. *
  • Between 40,000 and 50,000 strokes are reported in Canada each year. *
  • During their lifetime, 1 in 2.3 men and 1 in 2.6 women living in Canada will develop cancer. **

  Good news…

  • The survival rates for people with cancer has increased significantly in past years.
  • Over 80% of patients hospitalized following a heart attack survive. 
  • There are about 300,000 stroke survivors in Canada.

With today’s advances in medicicine,
your chances of survival are greater than ever…

But will your finances survive?

Serious illness inevitably has a significant emotional and physical impact. However, many people are unaware of the heavy financial burden of serious illness.

You may feel that the provincial health care system will meet all your needs should you become seriously ill. Unfortuately, there are many additional costs associated with serious illness that are not covered by this system and that you must pay for yourself. Examples include loss of income from taking time off work or costly treatment that is often not covered by insurance. Nursing care, child care expenses, the purshase of specialized equipment, etc, are not on the list of products and services covered by the public health system. These additional expenses and loss of income as the result of extended leave may have a significant impact on your personal finances. You may have to use your life savnings to cover these costs.  

"Wouldn't it be reassuring to know that you have the financial ressources you need to help you survive a serious illness?"

Insurance for serious illness provides you with the financial ressources needed to help you cover the personal, family and business expenses that often arise due to serious illness. The benifit is paid to you as a lump sum to be used completely at your discretion.

The cost of this coverage
can be paid for by your corporation..

The new serious illness insurance contract offers coverage for the following three (3) majors critical conditions:

- Heart Attack
- Life-threatening Cancer
- Stroke

You also have the option to add coverage for the following 19 serious illnesses:

  1. Alzheimer's Disease
  2. Aortic Surgery
  3. Benign Brain Tumor
  4. Blindness
  5. Coma
  6. Coronary Artery Bypass
  7. Deafness
  8. Heart Valve Replacement
  9. Kidney Failure
  10. Loss of Independent Existence
  11. Loss of Limbs
  12. Loss of Speech
  13. Major Organ Transplant
  14. Motor Neuron Disease
  15. Multiple Sclerosis
  16. Occupational HIV Infection
  17. Paralysis
  18. Parkinson's Disease
  19. Severe Burn

Sources: *Heart & Stroke Foundation, 2004
**National Cancer Institute of Canada : Canadian Cancer Statistics 2004

Keywords: health care

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