Critical illness insurance was introduced by Dr. Marius Barnard, the cardiac surgeon in South Africa in 1983, which was voted among the top 25 most influential people in the field of insurance. It is now available to Canadians. Critical Illness Plan provides security to know that if they are financially intensive care unit. The three most common serious diseases that occur in all age groups, Canada, stroke, cancer or stroke. According to the Heart and Stroke Foundation and the National Cancer Institute of Canada, about 250,000 Canadians of all time are diagnosed each year. The good news is, most of which survive.
About 80% of heart attack patients admitted to hospital survive to 95% of hospitalized heart attack victims survive the first attack 75% of men and 77% of women, the cancer survive 75% of victims of stroke survive the first event, but also with medical treatment and better patient can not cope with a disease depends only on provincial health insurance. You should be prepared to survive the financial consequences of a serious illness, as is their way of life and money management are changing.
When comparing life insurance, critical illness is for you, for your relaxation. You give a lump sum (non-taxable benefits, if you recorded one of the diseases and conditions which help to survive (most plans covered 20 conditions of thirty days, in most cases) in processing costs, only to recovery.
You can use the money you want, how to pay for private treatment abroad, a nurse, credit card debt or even as an assistant to spend the mortgage, while the low income. Maintaining financial independence and access to medical services you need, your recovery will be quick and successful.
Insurance & Financial Advisor Michael Arbetov, CFP, FMA
Critical Illness Coverage Blog
About 80% of heart attack patients admitted to hospital survive to 95% of hospitalized heart attack victims survive the first attack 75% of men and 77% of women, the cancer survive 75% of victims of stroke survive the first event, but also with medical treatment and better patient can not cope with a disease depends only on provincial health insurance. You should be prepared to survive the financial consequences of a serious illness, as is their way of life and money management are changing.
You can use the money you want, how to pay for private treatment abroad, a nurse, credit card debt or even as an assistant to spend the mortgage, while the low income. Maintaining financial independence and access to medical services you need, your recovery will be quick and successful.
Insurance & Financial Advisor Michael Arbetov, CFP, FMA
Critical Illness Coverage Blog
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