What is Critical Illness insurance?

Available to you and your spouse, the British Columbia  Critical Illness Insurance plan provides a one-time lump-sum benefit payment, if you are diagnosed after the effective date of coverage, with one of the 25 conditions covered under this plan. With extra financial protection during a difficult period of illness, you’re able to spend less time worrying about your finances and more time concentrating on getting well.

Critical Illness insurance was first conceived by a surgeon who had seen patients struggling with medical bills, and today it is available from many top Canadian insurers. This type of coverage is for those who take great care of themselves and have above average health.

Your coverage benefit is paid out in a lump sum, tax-free in the event you are diagnosed with a covered condition and survive for a minimum period. The money can be used to pay a mortgage, take time off work, or for medical care. It’s completely up to you.

Features of Critical Illness Insurance

* Provides a lump sum of tax-free money 30 days after you are diagnosed as having an insured illness.

* Is independent of your ability to still work.

* Thanks to modern medicine, most people now survive critical illnesses, but the financial costs can be staggering. Critical illness insurance helps you maintain your financial footing, while getting the best treatments possible.

* Must survive at least 30 days in order to collect.

* If the insured dies, all premiums are refunded to the beneficiary

* Available to people between the ages of 18 and 65.

* Available as a stand alone policy or as an additional feature within another life insurance policy.

* Important statistics: 1 in 3 Canadians will develop a life threatening cancer.  Many drugs used in the treatment of cancer are considered "experimental" and are therefore NOT covered by provincial medical plans. The average age of people who go on claim for Critical Illness Insurance is 43 years old.

Financial support when it's needed most.

BC Life helps restore security through a critical illness plan that provides a cash payment when it is needed most. By easing the financial pressure, critical illness coverage gives your employee financial stability and security should life take a catastrophic turn.

Critical Illness Insurance can be provided as a specific flat dollar amount, or a multiple of the employee's annual salary without the need for completing a medical questionnaire. You also have the choice to offer Critical Illness Insurance coverage to include the spouse and other dependants of your employees.

How Critical Illness Insurance Works

When diagnosed with an eligible condition, the covered person is paid a lump sum upon their approval of their claim. They can then use the money to help pay for any expenses they have. This could be for private nursing or other medical care, making modifications to their home, childcare costs, or however else they choose. The point is they have the financial support when they need it the most so they can focus on their recovery.

Our Critical Illness plan covers the following critical conditions:

* Alzheimer's disease

                * Loss of speech

                * Blindness

                * Lung failure

                * Burns transplant

                * Coma

                * Motor neuron disease

                * Deafness

                * Multiple Sclerosis

                * Heart transplant

                * Paralysis

                * Kidney failure or transplant

                * Parkinson's disease

                * Senile dementia

                * Life-threatening cancer

                * Severe heart attack

                * Liver failure or transplant

                * Severe stroke

It's time to invest in critical illness insurance in British Columbia that makes your protection the highest priority. You can always count on The Co-operators to provide critical illness insurance in British Columbia with the right amount of protection, and professional customer care that's attentive and reliable.

Feel Protected with Critical Illness Insurance in British Columbia

Protect yourself from a significant loss that could potentially be devastating with critical illness insurance in British Columbia. Take a close look at what your specific needs are and then talk to us about critical illness insurance in British Columbia. Find your city on the list to get local information about critical illness insurance in British Columbia now.

Protecting families and individuals with reliable products, such as our critical illness insurance in British Columbia is what Canada Insurance Plan do the best and we've been doing just that.

If you have further query feel free to contact Canada Insurance Plan.