Critical Illness Insurance
What is Critical Illness Insurance?
You can prepare and save for things such as vacations, vehicles or new homes, but it’s not common to save up for a health emergency. Hypothetically, if you or someone in your family was to have a heart attack or was to be diagnosed with a serious illness, would you have the money to pay for treatments and care? What about if time has to be taken off work? A serious illness such as cancer or a heart attack affects one in four women, and one in five men before they retire... We’re ready to help you out by paying a tax-free lump sum in the event you are diagnosed with a covered illness.
How it Works
Every month you pay a small premium. You can purchase coverage for yourself, your spouse and your dependant children. If one of you is diagnoses with a covered condition, that family member will receive a tax free pay out of $20,000 for each adult and $10,000 for each dependent child.