Employee Benefits - Critical Illness
In the event of a serious illness, this benefit is paid while coverage is still in force. Conditions that can be covered include:
- Cancer
- Renal (Kidney) Failure
- Burns
- Heart Attack
- Paralysis
- Coma
- Coronary Bypass
- Deafness
- Loss of Speech
- Stroke
- Blindness
- Parkinson’s Disease
- Multiple Sclerosis
Facing a critical illness can be one of the most difficult challenges in life. There is so much to consider:
- Daily life expenses related to recovery
- Payments for your mortgage, loans and other debts
- Alterations to your home or automobile to accommodate special needs
- Out-of-country or non-government covered treatment
- Specialized medical treatment or private nursing
- Maintaining your family’s lifestyle
- Funding a leave of absence
- Protecting savings and assets from expenses associated with recovery
Critical Illness recovery plans provide a lump sum benefit if you are diagnosed with a critical illness and satisfy the survival period. You can use this lump sum payment in any manner you choose. Modern medical advances have meant that more and more people are surviving illnesses that were previously terminal. This is where the true benefit of critical illness insurance comes into play: tax free financial security. Is this coverage right for you?
