Critical Illness Insurance is also known as trauma insurance, and will pay a lump sum if the insured is diagnosed with a medical condition.
Purpose of Critical Illness Insurance
The main purpose of critical illness insurance is to ease the financial burden of a major illness by, providing capital to cover associated medical costs, debt repayments and living expenses.
The insured lump sum benefit is paid out on the diagnoses of a defined trauma condition, and is not dependent on whether or not the insured is able to continue to work.
Medical Conditions covered by Critical Illness Insurance
Critical Illness Insurance provides you with cover in the event of you're being diagnosed with one of these common medical conditions:
- Heart Attack
- Malignant cancer
- Coronary artery bypass surgery
With healthy lifestyle choices can be your best defence against some health risks, a critical illness such as cancer, stroke or heart disease can strike anyone at any time. Consider the following:
- One in three Canadians will develop a life-threatening cancer.
- One in two heart attack victims are under 65 years old.
- Each year, 50,000 Canadians suffer a stroke. Of all stroke victims, 75% will be left with a disability.
Expenses such as private nursing or modifications to your home or vehicle to improve your mobility won't be covered under your provincial health insurance plan and may not be covered under typical employer-sponsored health plans. Then there are the other challenges that critical illnesses bring—such as finding the best medical care, meeting day-to-day needs (like caring for your children), and managing the stress and anxiety. Purchase Critical illness insurance from Sabi Financial, a trusted name in financial advisors who will assist you in providinga lump-sum benefit to help support you financially, if you are diagnosed with and survive a covered critical illness. Apply online and get the lowest quotes on Critical care insurance today!!!!