Critical Illness Insurance Overview

Critical Illness Insurance lets you take time off when you need it.
It also provides money to seek the potentially necessary medical services that may save your life.

Features of Critical Illness Insurance

• Provides a lump sum of tax-free money upon the diagnosis and survival of any of the insured illnesses (must survive 30 days).
• YOU decide how to use the money.
• Basic coverage is always included (insures against the three most common major medical events: heart attack, stroke, and cancer).
• Optional comprehensive coverage (insures up to 18 other major medical events).
• Premiums are returned in the event of death.
• Available as a stand alone policy or combined with a life insurance policy.
• Available as 10 year term, term to 65, term to 75 and term to 100
• Optional return of premium feature in which your premiums are returned if you don't claim after 10 years or by age 75.

Major uses of Critical Illness Insurance

• Access and pay for medical services.
• Pay off the mortgage.
• Semi or early retirement.
• Allow your partner to take time off during your recovery.
• Pay for child care.
• Hire domestic help.
• Pay for private nursing care.
• Modify your home to have better mobility.
• Go on a holiday.