More and more Canadians are suffering from critical illnesses each year. Thanks to advances in medical science, the majority of people will survive. However, the financial effects of surviving a critical illness can be devastating.

The cost of recovery can have a serious impact on your current lifestyle as well as your retirement plans .

Did you know?
1 in 3 people will be diagnosed with cancer in their lifetime; 60% will survive more than 5 years
1 in 4 people will suffer from Heart Disease; 90% survive their first Heart Attack
1 in 20 people will suffer a Stroke prior to age 70; 80% will survive a first Stroke

Ref: Heart & Stroke Foundation; Canadian Cancer Society

Critical Illness insurance is designed specifically to help with the financial needs associated with recovering from a serious illness.

Plans provide a lump sum, tax-free benefit in the event that you are diagnosed with any of the covered conditions. The benefit is paid after a 30 day survival period, and can be used in any way you choose:

• Replace lost income for self and spouse/caregiver
• Repay your mortgage and other debts
• Gain access to private medical services or treatment outside Canada
• Private nursing, home care and childcare services
• Take an extended vacation
• Make modifications to your home and/or vehicle
• Maintain your lifestyle and retirement planning

You select the amount of tax-free benefit from between $25,000 and $2,000,000. While the terms and conditions of some plans may vary, most Critical Illness policies provide coverage for the following illnesses, surgical treatments and conditions:

Aortic Surgery
Coronary Bypass
Heart Attack
Heart Valve Replacement
Accident and Functional Loss
Loss of Limbs
Loss of Speech
Major Burns

Alzheimer's Disease
Motor Neuron Disease (ALS or Lou Gehrig's Disease)
Parkinson's Disease
Multiple Sclerosis
Bacterial Meningitis

Vital Organs
Major Organ Transplant
Major Organ Transplant on waiting list
Kidney Failure

Tumours & Cancer
Benign Brain Tumour
Aplastic Anemia
Occupational HIV Injury

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