Advisor for all your insurance & Investment needs
My Purpose is to "help individuals, families and business owners to achieve peace of mind and security through holistic financial planning"
Critical Illness Protection
“Is it possible that I can be diagnosed with cancer, or have a heart attack, or stroke within the next 5 years or longer?”
YES it is, therefore it is a good move to protect yourself with a lump sum tax-free benefit to help cover unexpected medical costs.
We Can Review your current Critical Illness Policy for FREE in person or over the phone.
OHIP does NOT pay for:
Your loss of income - Pay off your mortgage - Pay your bills - Pay your rent - Home modifications - Out of country treatments
Insurance premiums - car payments - your retirement investments etc.
Critical Illness plans offers complete coverage in the case of a critical illness, with the flexibility to meet specific client needs. When someone becomes critically ill, it can have a humongous impact on the quality of their life and the lives of family members. Critical Illness plans is fast and easy to underwrite and delivers the financial assistance clients need, so they can focus on getting better.
Critical Illness plans offer our clients a number of coverage options to find the right one for each individual lifestyle.
These include permanent coverage with level guaranteed premiums to age 75 or 100.
Return of Premium Option (attached riders available), meaning If You Never put in a claim, you can get all your premiums back starting at age 65 or at expiry of your plan.
4 Reasons to get Critical Illness coverage with Return of Premiums
Here is an example of a working person earning $50,000 a year income, with $250,000 in savings.
One spouse develops an illness either contributed to a disability or a critical illness and can no longer take care of themselves and need constant care 24 hours.
The other spouse would have to quit their job to take care of the other, what does this mean you ask?
The 1st year they just lost their yearly earnings of $50,000 and they will deplete their savings of $250,000 within 5 years.
On the 6th year what will happen to you?