What is critical illness insurance?

August 12, 2016

Medical advances have dramatically improved the survival rates of people who suffer critical illnesses such as cancer, stroke and heart disease.  Recovery may come with a significant financial cost that impacts both you and the people close to you.

 

Critical illness insurance from Sun Life offers the financial help to pay the costs associated with life-altering illnesses. If you become sick with an illness covered by your policy and survive the waiting period, you’ll receive a lump-sum cash payment. And, unlike reimbursed health insurance benefits, you decide how to spend the money.

 

Critical illness insurance can help you:

  • Reduce debt and other financial concerns while you cope with your illness

  • Replace any reduced or lost income for you and your spouse, who may wish to take time off work to care for you

  • Bring in additional help at home for you and your family

  • Consider new medical treatments and medications not covered by private or government health insurance plans

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© 1999-2017 by Noble Wealth Financial Inc.    

® Registered trademark owned by Desjardins Financial Security Life Assurance Company    

* Mutual funds are distributed through Desjardins Financial Security Investments Inc.    

Shu-Huei Sue Lee is authorized to offer mutual funds and licensed for life and health insurance in Ontario.

++ Qing (Chelsea) Yang is licensed for life and health insurance in Ontario.

+++ Ingrid Wei is licensed for life and health insurance in Ontario.