01/25/2017
What is critical illness insurance?
Thanks to modern medicine, more people survive serious illness. Unfortunately, the costs associated with recovery can place a strain on the financial resources of you and your loved ones.
Consider this sobering statistic: one in 2.2 men and one in 2.4 women living in Canada will develop cancer during their lifetime.
1 However, 63 per cent of Canadians diagnosed with cancer are expected to survive.
2. Critical illness insurance is a form of protection that can provide you with a tax-free lump sum payment to use however you need while recovering from a life-altering illness. You can use this money in whatever way you need while you recover.
To learn more about Critical Illness Insurance contact Rob Groom.