What is critical illness insurance? It is a tax-free lump sum of money that is given to you within 30 days of being diagnosed with a critical illness.
Which illnesses are covered? Cancer is the biggest one, but it also covers you for other critical illnesses such as heart attack, stroke, Alzheimer’s disease, Parkinson’s disease, and 16 other diseases. When you get critical illness insurance on a child, it also includes 5 childhood diseases: cerebral palsy, autism, cystic fibrosis and diabetes.
Why should I get critical illness insurance on my kids?
If your child is diagnosed with a critical illness, the benefit paid out will allow you to take time off of work to care for them, allow you to get more treatment options that are not covered by provincial health care, or allow your family to take a precious family vacation.
When you set up this policy on your kids, you can actually get 100% of your payments returned to you if your child does not get diagnosed with a critical illness. So this policy can work as a savings plan for their future as well!
Nobody wants to think about their child being diagnosed with a critical illness, but wouldn’t it be nice if you had an insurance policy in place to help ease the burden of such a devastating event?
Industrial Alliance is giving away $2000 for critical illness insurance for free. Just click on the image below and then call us to get more. $50,000 of CI insurance on your child would be less than $50 per month.
There is also talk that the insurance companies will be making big changes to critical illness insurance in the future, due to the high amount of claims being made. Getting 100% of your premiums back may be a thing of the past! Don’t wait until it’s too late. Get your child’s CI policy today!