Critical Illness Insurance

Critical illness insurance is one of the most essential types of insurance for Canadians today. Why is that, you may wonder? Statistics show that 2 in 5 Canadians (44% of men and 43% of women) are expected to develop cancer during their lifetime, which is a staggering figure. If you don't prepare for this financially, it could cost you your life. While medical treatment in Canada is mostly covered, there are numerous advancements in treatment around the world that are not included and could potentially save your life. 

Having a critical illness insurance plan ensures that you won’t need to ask for money from friends and family during such a challenging time. It also safeguards your retirement savings or other assets from being depleted in order to access new and costly treatments. 

From a corporate perspective, a well-structured critical illness savings plan can serve as a tax-efficient strategy for your business. If you remain healthy and are not diagnosed with an illness, you can receive a personal return of all the premiums your company paid, thus enhancing your financial peace of mind and your retirement.