Critical illness insurance - Impressive payout when you need it most
A relatively new product in the industry, critical illness insurance was created to offer protection and financial stability to the increasing number of Canadians who are stricken by serious illness each year.
Unlike disability insurance , where typically 60% of gross earnings are paid out in a monthly benefit, critical illness insurance dispenses a lump sum payment (up to five times your income + outstanding mortgage) upon diagnosis of a serious illness.
Catastrophic health insurance that will help you pull through
Since this major health insurance was unveiled, cancer, heart attack and stroke account for approximately 90% of claims. Other applicable conditions include: (among others)
- Heart bypass surgery
- Alzheimer's disease
- Multiple Sclerosis
- Major organ transplant
- Kidney failure
- Parkinson's
- Motor neuron disease (ALS or Lou Gehrig's disease)
Even though 1 in 4 people suffer from heart disease in Canada, more than 50,000 suffer from a stroke each year and 1 in 3 develop a life-threatening cancer, advances in medical science and increasing life expectancies mean you may have an excellent chance of surviving a critical illness. Catastrophic medical insurance will help ensure your medical bills and finances are taken care of so you can focus on a complete recovery!
It's major health insurance for Alberta and B.C. you shouldn't do without
Talk to one of our knowledgeable major illness/cancer health insurance brokers today to find out if and how much critical illness insurance you should carry. Don't take your health or your financial security for granted! Contact HDF Insurance in Edmonton, Alberta today.
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