For many Canadians, a critical illness such as cancer, heart attack, or stroke, can be more devastating than death.  Because of medical advances, people are surviving many critical illnesses and with this, may come a significant financial burden.  A critical illness may keep you from your occupation, but the day-to-day expenses keep on going; mortgage, loans, and the daily necessities of life will continue, plus the possibility of private nursing, home modifications, and medication.

Critical illness insurance coverage will pay the insured a lump sum of cash upon the diagnosis of a critical illness.  This lump sum of cash may then be used as the client sees fit; to pay down or pay off a mortgage, to pay for private nursing, to make modifications to your home or to provide for immediate medical care.

Since the likelihood of a critical illness is greater than death for Canadians, the onset of a life threatning illness can put your financial future in jeopardy!  A properly structured critical illness plan will insure that debt payments can be made, RRSPs remain intact, or travel to the best medical facility is obtained.