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Critical Illness Insurance

Facing a critical illness without insurance can devastate both physically and mentally. Recent data reveals staggering statistics: over 70,000 heart attacks annually and 3,075 new cancer cases each week in Canada.

Prepare with Critical Illness Insurance from Life Insurance Pro. We offer standalone or combined plans to provide comprehensive coverage, ensuring financial stability during challenging times. Upon diagnosis, receive a lump sum payment after a 30-day waiting period, plus an advance percentage. Our coverage includes cancer, heart attack, and stroke. Contact us for an obligation-free quote and secure peace of mind today.

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At Life Insurance Pro, we understand the paramount importance of family. Our top-tier insurance policies empower you to consistently support your loved ones, ensuring financial stability even in your absence.

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Critical Illness Insurance Explained

As experts at Life Insurance Pro, we understand the vital role Critical Illness Insurance plays in safeguarding your financial well-being during unexpected health crises. This coverage offers vital support in the event of a serious, life-threatening condition, providing a tax-free lump sum payout and covering additional expenses such as caregivers, medicine, and home modifications. Unlike provincial and private health insurance plans, Critical Illness Insurance ensures comprehensive financial relief, bridging the gap left by income loss. Unlike Disability Insurance, which only offers partial income replacement, Critical Illness Insurance guarantees benefits upon a confirmed diagnosis from a licensed physician, offering peace of mind during challenging times. Access your benefits swiftly by filing a claim once diagnosis is confirmed.

Tips to Save Money on Critical Illness Insurance

At Life Insurance Pro, we aim to optimize your savings. Simplify the process by requesting a quote through our website, where we compare rates from major Canadian insurers, saving you valuable time. Take into account these added ways you can save money on Critical Illness Insurance:

Age Consideration

Your age significantly influences premiums. Secure a policy while younger to avoid increased rates. Act before your next birthday for optimal savings.

Employer Benefits

Adjust your coverage to supplement gaps in employer-provided benefits, reducing premiums without compromising protection.

Smoker Status

Smokers face substantially higher premiums. Quitting not only improves health but also leads to significant savings on insurance costs.

Bundle Benefits

Combine Critical Illness Insurance with other policies like Life Insurance for discounted rates. Obtain comprehensive coverage from a single provider to maximize savings.

Critical Illness FAQ’s

Explore the essentials of Critical Illness Insurance with our FAQ section. Get answers to common questions about coverage, benefits, and more.

Critical Illness Insurance is a type of insurance policy that provides financial support in the event you are diagnosed with a serious illness covered by the policy. It typically pays out a lump sum benefit upon diagnosis, which can be used to cover medical expenses, replace lost income, or make necessary lifestyle adjustments.

The specific illnesses covered may vary depending on the insurance provider and policy terms, but common covered conditions often include cancer, heart attack, stroke, organ transplant, and major organ failure. It’s essential to review the policy details to understand which illnesses are covered.

Critical Illness Insurance differs from Disability Insurance in that it provides a lump sum benefit upon diagnosis of a covered illness, regardless of whether you are able to work. Disability Insurance typically replaces a portion of your income if you become disabled and are unable to work. Health Insurance, on the other hand, primarily covers medical expenses but may not provide the same level of financial support for lost income or lifestyle adjustments.

While Health Insurance and Disability Insurance provide valuable coverage, they may not fully address the financial impact of a critical illness diagnosis. Critical Illness Insurance can complement these policies by providing additional financial support in the form of a lump sum benefit, which can be used to cover expenses beyond medical bills, such as mortgage payments, childcare, or household expenses.

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Critical Illness Form (#15)