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Green field:(noun) of economic origin; Meaning a project which lacks any
constraints imposed by prior work

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Critical Illness

Woman in Hospital BedNo one plans to get sick, but when something unexpected happens, you can help yourself and your family by being financially prepared. Critical illness insurance is designed to help financially support patients before, during and after treatment by providing a lump-sum benefit when a critical illness is diagnosed.

Critical illness insurance can help reduce financial stresses at a critical time in your life, and can complement disability and life insurance protection needs. It offers you and your family – as well as your business – the financial resources to help pay for additional expenses often associated with a critical illness or condition.

The advantages of critical illness insurance include:

  • A lump-sum benefit that you can use however you wish (e.g. to make mortgage payments, seek medical treatment outside Canada, help your business continue in your absence)
  • Coverage for up to 25 critical illnesses or conditions
  • You may receive payment even if you’re not disabled from work
  • Options are available that provide a return of premium benefit
  • Individuals unable to obtain disability insurance for various reasons can, in some cases, still qualify for critical illness coverage (e.g. a non-income earning spouse)

 

 

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