Back to Blogs
A recent poll by TD Insurance found that 65% of Canadians with children living at home DO NOT have critical illness insurance.
Critical Illness insurance can serve many purposes including the likes of:
– Retirement Protection
– Income Protection
– Mortgage Protection
– Family Protection
This lump sum, tax free benefit provides peace of mind for those impacted by sickness and it could very well be the hidden gem that insurance advisors bring to the table by educating the public.
Being diagnosed with cancer, MS, for example, or suffering a stroke inevitably puts all things on hold such as one’s retirement portfolio. Money that may have gone into ones RRSP could now be the amount needed to support on going drug therapy, travel to seek out a renowned specialist, day to day care during treatment, participation in clinical trials – the list goes on and on and the costs are exorbitant.
Care costs money and specialized care costs more – where does the money come from?
When diagnosed with a critical illness, you are engaged in the fight of your life and will do what ever you can to win the battle.
Focusing on recovery, treatment, or a cure rather than the burdens of money problems can give survivors the peace of mind they need to heal faster and stress less.
Back to Blogs