Critical Illness Insurance

Critical Illness Insurance is one of the most important types of insurance you could own these days. Why might you ask? 2 in 5 Canadians (44% of men and 43% of women) are expected to develop cancer during their lifetime. That is a staggering statistic, and if you don't prepare for it financially, it may cost you your life. Although medical treatment in Canada is mostly covered, there are constantly new developments in treatment around the world that are not covered and could potentially save your life.

Having a critical illness insurance plan will ensure that you don't need to ask for money from friends and family during such a difficult time. Or it will ensure that you don't end up using your retirement savings or other assets to get access to new and expensive treatments. 

On the corporate side, a well developed critical illness savings plan can even be a tax-efficient strategy for your company. If you do not become diagnosed with an illness, you are able to get a personal return of all the corporately paid premiums, in order to enhance your retirement.