Critical Illness Insurance
Critical illness insurance provides you with financial assistance so you can maintain your standard of living and focus on what matters - your recovery. You can use the money as you see fit, without having to justify how you spend it.
If you want to receive a tax-free cash payout should you be diagnosed with one of 25 serious illnesses, this insurance is for you.
Planning ahead can ease the burden of a critical illness and keep you on track with your financial plans and goals.
While most people understand what life insurance is, critical illness insurance still remains a mystery to many. In a nutshell, a critical illness is a diagnosis of an illness such as cancer, stroke, heart attack, dementia, meningitis, loss of sight or hearing, to name a few. Critical illness insurance offers a tax-free lump-sum cash payment upon a medical diagnosis (and survival of 30 days) of one of 24 illnesses, including those listed above.
Considering normal life events, if diagnosed with any of the above, could you afford to:
Continue to pay off your mortgage?
Receive the best possible treatment?
Protect your savings?
Pay for your children’s educational needs?
Critical illness insurance is also offered for children
and is very inexpensive yet so valuable should something occur. It allows parents the peace of mind knowing that they will be able to take time off work, buy special equipment needed and afford the everyday expenses associated with caring for a sick or injured child.