The Importance of Critical Health Insurance

At a recent insurance seminar, we were approached by one of our colleagues with this letter. He felt, as do we, that it was essential for all of us to be aware of how important living benefits really are.

READ: A touching story from an insurance colleague

From now until December 31st 2009, we can offer a 2 month premium holiday on any adult and child Critical Illness coverage. For more information, please contact us at info@theysinsurance.ca.

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3 Reasons to Get Critical Illness Insurance

With Ciritical Illness Insurance we sometimes don’t see the point into putting money into a policy where nothing might come of it. What I mean is that we might not acutally get an illness listed in the policy and therefore have wasted all the years paying for the policy.

For such a dilemma I have 3 standing reasons to why you should:

1. Protect your financial stability
With Critical illness insurance you are ensuring that during any circumstance - live or die, you will be able to have the finances available to live the life you have always been living or your family has. The lump sum of money you get from the insurance policy will help tide you over through any event that may come to pass.

2. Paying for survival
When opening a critical illness insurance policy you are paying for you to survive the treatment, not in case of death. You will want to be able to pay off any medical bills and other treatment you might need.

3. Looking at statistics, don’t ever think it could not happen to you
Here are just a few:

• 50,000 Canadians suffer a stroke each year; 75% survive the initial event
• Approximately 11,000 bypass surgeries are performed in Canada each year
• An estimated 166,400 new cases of cancer and 73,800 deaths will occur in Canada
• 75,000 Canadians suffer heart attacks each year; 95% of heart attack patients hospitalized survive

The entire basis of getting critical illness insurance is because of the money involved, whether it is for you to survive on while not working or your family to survive on without you. So take a look at critical illness insurance options and trust me you won’t regret it.

Source: banknerd.ca

* Return of Premium is an option that can be added to your policy should you never require the critical illness coverage and die of natural causes *