Critical illness insurance provides you with a lump sum of money in the event that you are diagnosed with, and survive, a critical illness event.
There are different amounts you can get coverage for, often there is a minimum of $10,000 with a maximum in the millions.
As well, different plans cover different illnesses, however almost every plan insures "the big three"- heart attack, cancer and stroke.
Other illnesses such as Parkinson's, ALS, and diabetes can also be insured, with some policies insuring over twenty illnesses!
One of the effective ways to insure for Critical Illness in couples is for each spouse to obtain coverage - that way if one gets sick, even if that individual has a disability policy, the lump sum payout of a critical illness plan would allow the other spouse to stay at home and care for the sick party.
Critical Illness insurance allows you to use the funds in whatever way you want-whether you need to renovate your home, retrofit your vehicle, recuperate in another location, pay for costly medication or just have money on hand-it's your choice.

Call us today for a quote.