1 in every 2 Canadians will develop cancer in their lifetime.
741,800 Canadian adults that are of the age of 20+ live with the effect of a stroke, and 1/4 of Canadians who have had a stroke are under the age of 65.
It is estimated that there are 70,000 heart attacks per year in Canada; that's 1 every 7 minutes!
These circumstances would be stressful for anyone; the last thing they would want is to be burdened by financial strain.
"Critical Illness insurance can help meet the financial demands that often accompany a major illness or injury. Employees will have peace of mind knowing that in the event of a life-threatening health change, they will be able to afford medical costs, basic living expenses, or anything else for which they choose to use the funds."
- Chambers Plan
Critical Illness Insurance covers 1 of 25 conditions upon a diagnosis:
Alzheimer's / Aortic Surgery / Aplastic Anemia / Bacterial Meningitis / Benign Brain Tumour / Blindness / Burns / Cancer / Coma / Coronary Bypass / Deafness / Heart Attack / Heart Valve Replacement / Kidney Failure / 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 / Stroke
With Critical Illness Insurance, clients will receive a lump sum that they can use without restriction, so they can focus on getting better.
Among other things, it can be used to:
•Replace their or their spouse’s income, so their spouse can take time off work to provide support and care,
•Meet financial obligations such as mortgages,
•Pay for home care or get medical treatment that isn’t covered by public health insurance;
•Or, anything else for which they choose to use the funds.