||critical illness insurance
Coverage that provides a lump-sum payment should you become seriously ill due to a Heart Attack, Cancer, Stroke
or any other specified illness. There are no restrictions on how you use your benefit.
What does Critical Illness Insurance Cover?
||Heart Attack, Cancer, Stroke, Loss of Limbs, Major organ transplant, Blindness, Coma, Multiple Sclerosis,
Deafness, Severe burns, Parkinson's Disease, Paralysis, Loss of speech, Kidney Failure, Heart bypass surgery,
Motor Neuron Disease (ALS), Alzheimer's Disease, Occupational HIV, Aortic Surgery, Heart Valve Replacement, Loss of
How Critical Illness Insurance Works
Critical illness insurance has tremendous flexibility if you become critically ill because there are no requirements
for how you spend the lump-sum of money that you receive. You don't have to get approval for expenditures, you don't have
to provide any receipts, you don't even have to spend the money on medical expenses.
Critical illness insurance provides you with a lump-sum payment to be used however you see fit. If you want to try
alternative therapies, you want to be treated outside of the country, you want to hire someone to take care of you, you
want to hire a nanny to take care of your children...you choose how to spend your money.
If you die while the policy is in force, your estate receives a refund of 100% of the premiums that you paid into your
critical illness policy.
Critical illness insurance covers specific illnesses only.
Why Do You Need Critical Illness Insurance?
It is a fact that one out of every three Canadians will contract a life-altering illness during his or her lifetime.
Few people are prepared for the financial burden that comes with surviving a critical illness: convalescence, private
nursing costs, reduction or loss of income, child care, medical equipment, home refitting... the expenses can be
Critical illness insurance can protect your finances against the high cost of rebuilding your lifestyle following a
How Do I Get Critical Illness Insurance?
Please contact Peter McNally, Certified Financial Planner at McNally Financial and Insurance Group to find out about a customized Critical Illness Insurance Policy that will fit your lifestyle.