We all know critical illness can affect any of us, but did you know: 40% of Canadian women and 45% of Canadian men will develop cancer during their lifetimes. There are over 70,000 heart attacks in Canada each year. Every 10 minutes, one person in Canada has a stroke. These are hard facts to read.
The good news is more Canadians than ever are surviving life-altering illnesses. Cancer mortality rates are declining for males under the age of 80 and for females under the age of 70. In recent years, the rate of survival among patients hospitalized for a heart attack has increased to 92%. 80% of Canadians hospitalized for stroke each year leave the hospital alive.
The reality is contracting a critical illness impacts every element of our lives: self, family, friends, co-workers and community. Having the financial resources to cope with an illness can bring both peace of mind and choice. While provincial medical plans and private medical insurance may help pay for some of your bills, they may stop short of providing for non-medical expenses that arise during recovery.
Critical illness insurance helps you address this risk while you're still healthy. You can choose the amount of coverage you want. If, in the future, you are diagnosed and survive one of the covered illnesses, a cash benefit will be paid to you.
You can use this money to alleviate further stress during the course of the illness and in any way you feel necessary.
Did you know that you may also choose to add an option that gives you the opportunity to get your critical illness premiums back if a claim has not been made? It’s great to know that if you don’t need to use the insurance you could get your money back.
If you don't have critical illness insurance, consider it.
To find out more about critical illness insurance, pleast contact:
Sun Life Financial Advisor
Tel: 905-763-8188 X 2223