Critical Illness

Critical illness insurance was founded by Dr. Marius Barnard with the first critical illness product being launched on the 6th of October 1983 in South Africa. It was first given a very haunting name, Dread Disease Insurance.

Since it’s early beginnings in 1983, the insurance coverage has been adopted by countless insurance markets around the world. This insurance is now known widely as Critical Illness Insurance. Many companies also refer to the coverage as Living Benefits.

Critical illness insurance is a form of insurance protection that can provide you with a lump sum payment (an amount you desire) if you suffer from a covered critical illness (see list below). There is a survival period required which is normally 31 days. It is widely thought the physical and emotional strain of suffering a critical illness can be severe to you and your family. When you combine that with the potentially damaging financial impact, the result can be devastating and in some cases non-recoverable.

That’s where the critical illness benefit comes to the rescue. The settlement you receive is yours, and yours to spend as you see fit. Some receipants use it for extended medical coverage, experimental procedures, lost income replacement, out-of-country treatment, for medical equipment etc. Other choice it to pay debts such as mortgage or loans, or to travel or buy that special toy! You choice what you want to do with the funds.

A critical illness can happen to anyone:

It is estimated there are over 70,000 heart attacks in Canada each year.

There are between 40,000 and 50,000 strokes in Canada each year.

An estimated 3,075 Canadians will be diagnosed with cancer every week.

The coverage of diseases may vary slightly from company to company but generally the basic conditions covered as listed here:

Heart Attack

Stroke

Coronary Bypass Surgery

Breast Cancer

Prostate Cancer

Other life threatening cancer

In Addition, the following conditions are insured, depending on which insurance company is chosen (Enhanced Coverage):

Multiple Sclerosis

Parkinson’s Disease

Kidney Failure

Paralysis/Paraplegia

Major Organ Transplant

Severe Burns

Aorta Graft Surgery

Balloon Angioplasty

Benign Brain Tumour

Blindness in both eyes

Coma

Coronary Artery Disease

Heart Valve Surgery

HIV through Blood Transfusion

Pre Senile Dementia (Alzheimer’s)

HIV Medical Profession

HIV Assault with Needle

Loss of Hearing

Loss of Independent Existence

Loss of Limb

Loss of Speech

Motor Neurone Disease

If you are looking to get covered for any eventualities’ in life than you are at the right place. Get a Free No obligation quote from us and see how we can design the insurance for you, which can cover you in a better way and costing you least every month.

Barrie@JantziFinancial.com

Toll Free 1-800-878-1952 Ext 0

 

http://www.peaceofmindaccelerator.com