Critical Illness Insurance

Did you know that you have a greater chance of getting a critical illness before you’re 75, than you do of dying? That probably seems scary. But the good news is that the majority of people who are diagnosed with a critical illness before age 75 recover and get on with life.

In fact, statistics from the Heart & Stroke Foundation (2002) and Canadian Cancer Society (2006) show that:

  • Mortality rates from heart disease and stroke have decreased by 70% since 1952.
  • 77% of males age 35 to 54 survive 5 years after their first heart attack.
  • While women have a 1 in 9 chance of developing breast cancer, they only have a 1 in 27 chance of dying from it.
  • While men have a 1 in 7 chance of developing prostate cancer, and only a 1 in 26 chance of dying from it.

A Stroke is more often disabling than fatal and always affects at least two people:

  • The person who has it
  • The caregiver(s)

If you were diagnosed with a critical illness, like the rest of us, you’d want to focus on your recovery. But, what about money? Treating an illness is often associated with unexpected costs – medicine the government doesn’t cover or getting treatment somewhere else. There are also costs to travel to and from medical appointments, and costs to get someone to help you at home. And what if you need to renovate your home to accommodate a wheelchair or a chairlift? Well, that costs money too.

That’s where Critical Illness Insurance can help – depending on the plan you choose, Critical Illness Insurance can provide a cash benefit ranging anywhere from $25,000 to $2,000,000.

Give us a call at 416-227-9800 today to discuss which coverage plan is right for you.
To get a quote online - click here

Insurance products and Financial Planning services are offered through P & K Financial Inc. Mutual Funds are offered through Manulife Securities Investment Services Inc. Banking products and services are offered by referral arrangements through our related company Manulife Bank of Canada.

Manulife Securities related companies are 100% owned by The Manufactures Life Insurance Company (MLI) which is 100% owned by the Manulife Financial Corporation a publicly traded company. Details regarding all affiliated companies of MLI can be found on the Manulife Securities website Please confirm with your advisor which company you are dealing with for each of your products and services.