Critical Illness

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critical illness

Don’t let a critical illness ruin your finances

Critical illnesses can strike any of us at any age. Everybody knows someone who has had cancer or a heart attack. Thankfully, with advances in medical science the chances are the individual will survive the illness. But such events are often devastating to their financial future. You may need to take time off work to recover, or make modifications to your home for easier access if there is permanent damage. A critical illness policy will help cover the gap by paying a lump sum amount if you should suffer a covered critical illness and survive. The most common covered conditions include:

  • Life-threatening cancer
  • Heart attack
  • Stroke

And approximately 20 other less common conditions. Like life insurance, there are term and permanent policies to help meet your needs. Riders include return of premium, which returns some or all of the premium back to the insured in case you don’t suffer a critical illness.

Full list of covered conditions (note that this list varies by company):

  • Alzheimer’s Disease
  • Aortic Surgery
  • Aplastic Anaemia
  • Bacterial Meningitis
  • Benign Brain Tumour
  • Blindness
  • Coma
  • Coronary Artery Bypass Surgery
  • Deafness
  • Heart Attack
  • Heart Valve Replacement
  • Kidney Failure
  • Life-Threatening Cancer
  • Loss of Independent Existence
  • Loss of Limbs
  • Loss of Speech
  • Major Organ Failure on Waiting List
  • Major Organ Transplant
  • Motor Neuron Disease
  • Multiple Sclerosis
  • Occupational HIV
  • Paralysis
  • Parkinson’s Disease
  • Severe Burns
  • Stroke

A critical illness policy will help protect your lifestyle and save your family from a financial disaster after you suffer a critical illness.

Read about how critical illness insurance can protect you from financial hardship:

Critical illness insurance may be more important than life insurance for children

Protect your retirement plan from the cost of a critical illness

If you’re ready to take the next step, read these posts first:

Should you buy critical illness insurance?

How much does critical illness insurance cost?

Covered conditions and their definitions

Critical illness insurance underwriting

For more information about critical illness insurance or to request a quote, please feel free to contact us.

Image courtesy of Vichaya Kiatying-Angsulee /

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