Critical Illness & Disability Insurance

When you can no longer work because of a life-changing illness or injury, critical life and disability insurance can provide income for you and your family.

What is Critical Illness Insurance?

Life happens, and an unexpected health diagnosis can derail you or your loved one from working or earning an income.

If you, your partner or your child are diagnosed with a severe life-changing illness, a critical life insurance policy will provide a tax-free, lump-sum payout.

With critical illness insurance, you can:

Replace your income while you take time off work to recover or care for a sick family member
Maintain your business operations and choose to pay your monthly mortgage and debts
Pay for extra medical and wellness expenses not covered by the provincial health plan
Pursue alternative care or seek out-of-country treatments
Cover transportation and parking costs of treatment
Fund accessibility home renovations

The primary purpose of a critical illness insurance policy is to reduce your financial stress so you or your loved one can focus on recovery and maintain your family's lifestyle without tapping into or completely draining your retirement savings.

What is Disability Insurance?

You never expect to be in an accident, land in the ICU, have an extensive home recovery or months of physio. That's why disability insurance protection should be the top priority for everyone and is an imperative strategy for all business owners, executives, and prime-income earners.

With disability insurance, you can:

Replace your monthly cash flow (not taxable income) as you recover
Provide partial or residual coverage as you gradually return to work
Protect your ability to earn an income as a specialist and highly trained individual
Avoid drawing funds from your retirement savings
Feel secure you'll receive benefits while disability continues up to age 65

Disability insurance eliminates your financial risk of a physical injury, illness or mental health claim, and can provide you with cash flow to maintain your lifestyle.

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