What is Critical Illness?
Author: Ivon T. Hughes
Critical Illness (CI) is a relatively new coverage in Canada that guarantees the payment of a lump sum benefit between $50,000 to $2,000,000 if you are stricken by a critical illness such as cancer or a heart attack. CI provides the financial resources to fill the gap that may be created between health insurance plans and other expenditures you may have or help replace lost income. This type of support can help tremendously in maintaining your quality of life and financial security during the recovery period and help you face your new challenges.
Government health plans and group insurance benefits are limited to basic medical and hospital care in Canada and Disability income coverage pays a monthly income only if y...
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