Illness can strike at any time throughout our lives. Recovering from illness is difficult enough without worrying about how you’re going to restart your life. Managing illness can come with hidden costs of treatment, travel, and the steep price of many experimental treatments not covered by public health care.
Here is what you should know if you’re considering Critical Illness insurance:
Most policies offer eligibility up to the age of 69, with coverage up to age 75 or 80.
Critical illness can be bought as a standalone product or bundled into a life insurance policy.
What’s covered by a critical illness plan varies from plan to plan. Most plans cover common conditions such as: cancer, stroke, heart disease, organ failure, and Alzheimer’s.
These benefits are paid tax free, and may be used for any purpose – from seeking treatment to providing your family with stress-free accommodation.
Some critical illness plans offer additional benefits that allow your coverage to be reinstated after a claim is made.
Specialty Life works with leading Canadian insurers in order to provide you with diverse options for affordable critical illness insurance. Whether you need coverage for long or short-term needs, we can help you find your ideal insurance plan at a price you’re comfortable with. Apply for a quote now and discover your options.