Why purchase Life Insurance?
Non Medical Death & Funeral Insurance
Term Life Insurance
Whole Life & Universal Life Insurance
Critical Illness & Disability Insurance
Mortgage Insurance
Travel Insurance for Travelling Canadians
Visitors to Canada Insurance
Life Insurance Terms
 

Critical Illness & Disability Insurance

1. Critical Illness Insurance

What is Critical Illness Insurance?

Critical Illness Insurance provides a lump sum money/payment in the event you're diagnosed with any of the following Conditions:

Conditions

  • Cancer
  • Coronary Artery Bypass Surgery
  • Heart Attack
  • Stroke
  • Alzheimer's Disease
  • Aortic Surgery
  • Benign Brain Tumour
  • Blindness
  • Coma
  • Deafness
  • Heart Valve Replacement
  • Kidney Failure
  • Loss of Limbs
  • Loss of Speech
  • Major Organ Transplant
  • Major Organ Failure (on Waiting List)
  • Motor Neuron Disease
  • Multiple Sclerosis
  • Occupational HIV Infection
  • Paralysis
  • Parkinson's Disease
  • Severe Burns

    So if you're diagnosed with one of the above conditions and survive the waiting period (30 days in most cases), you will receive money and you can use it as you please including:

  • Find the best health care available.
  • Hire a nurse or caregiver to help you at home.
  • Make mortgage payments.
  • Provide income when you can't work or a loved one can't work because they're accompanying you to treatment.
  • Protect your retirement plans.
  • Make sure your business survives.
  • Reduce your workload to help you recover.

    2. Disability Insurance

    What is disability insurance?

    Disability Insurance provides a monthly income in the event you are unable to work due to an injury or illness. In a nutshell, it is an income replacement plan. This type of coverage is crucial for self employed individuals and people who do not have disability insurance through their employer.

    Now the question is: do I need disabililty insurance? Who pays for my expenses if I am unable to work due to an accident or injury? Expenses such as:

    * Mortgage or rent * Utilities * Car payments, loan repayments * Groceries, transportation, medical/dental * Funds for your children's education * Money for retirement plans etc...

    Here are potential sources of income

  • Government benefits - Can I count on them? CPP, EI, Worker's Comp
  • Savings & Investments - How long will they last? Stocks and bonds, RRSP's etc...
  • Sale of assets - Would you get a fair market value for your assets?
  • Borrowing - No income coming in. Who would spare the money?
  • Group long term disability (LTD)

    insurance - If you have a benefit at work, do you have an adequate coverage? Or if you switch employer, what happens to your benefit?

    The answer to all these questions is to consider an individual disability insurance: a personalized disability insurance coverage that can be tailored to your unique needs.

    Please contact us for quotes or further information at:
    Toll free: 1-800-656-1876 or local 416-346-5118
    Email: info@nonmedcanad.ca


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