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Critical Illness Insurance |
| LIVING BENEFIT |
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| CRITICAL ILLNESS PROTECTION |
OVERVIEW
Life insurance provides for your loved ones after you are gone. Living Benefit Plans provide for a lump sum benefit payment upon the first diagnosis of a list of covered contingencies while you are alive. Often maladies strike with devastating force regardless of how well we look after ourselves.
External forces and hereditary pre dispositions often become contributors to catastrophic maladies.
Most Canadians refer to these as the "dreaded diseases" but do not have a real appreciation of the frequency or survivability with which these calamities occur. These plans provide much needed capital to manage through such dire times.
Did you know
- 1 in 4 will contract Heart Disease!
- 70% of open heart operations are coronary bypasses.
- 75% of stroke victims survive the initial attack!
- 85% of kidney transplants are successful!
Living benefit plans are relatively new to the Canadian market. They are very popular in England. Simply put it is an insurance plan that pays a non-taxable lump sum benefit on the diagnosis of certain covered maladies.
Many of these maladies are beyond our abilities to guard against effectively. These conditions can manifest themselves accidentally or genetically. In these cases no amount of preventative care may be effective. We felt our clients may be interested in this type of coverage.

What situations does it protect?
- depletion of retirement savings!
- necessary lifestyle adjustment!
- mortgage & other debt obligations
Business
- cover profit loss
- cover lost contracts
- fund buy sell agreements
- protect lines of credit
With 40+ years of financial services industry experience, we are well positioned to provide the input you need to make an informed decision with respect to the exact coverage and insurers will fulfill your needs.
For a frank discussion and Quotation
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