Whether it’s cancer, heart disease, multiple sclerosis or stroke, it is difficult to foresee who will be affected. However, statistics reveal that more and more Canadians, and especially more and more young people, will encounter a critical illness during their lifetime. In addition to having to face a serious illness, several important costs related to medical treatments remain not covered by provincial health insurance plans.
Critical illness insurance plays a key role in the financial plan of families and businesses. As a result, you can devote 100% of your energies to your recovery process, without worrying about the financial implications of the illness.

  1. For families, it helps to protect your financial standing and pay off your mortgage and other expenses in the event of a major illness, which may leave you with a loss of income
  2. For business owners, a tax-free lump sum amount helps to recover cash resulting from the absence of an owner, a partner, or a key person who is struck by a critical illness
Statistics:

Heart disease

  1. One in 4 Canadians will develop some form of heart disease during their lives
  2. Canadians of Indian and South Asian origin have the highest rate of death from cardiac disease among all ethnicities
  3. One in 2 heart attack victims is under age 65
  4. 82% of victims survive their first heart attack

Cancer

  1. One in 3 people will develop cancer during their lives
  2. 3 out of 4 families will be affected by cancer

Multiple sclerosis

  1. 50,000 Canadians suffer from multiple sclerosis, among the highest rates in the world

Stroke

  1. 50,000 Canadians suffer from strokes every year
  2. 75% of victims survive their first stroke

In the event of a serious medical condition, critical illness insurance allows you to do the following:

  1. Finance the medical costs for any specialized treatments you may choose
  2. Take care of your financial obligations (such as paying your mortgage or personal debts)
  3. Fulfill your financial needs during recovery, while you are unable to work
  4. Make home nursing care available for you
  5. Allow your spouse to leave work for a time, to be with you and by your side
  6. Pay for any child care expenses
  7. Support a training program, should you decide a new career path
Additional features include:
  1. Payment of a lump sum, ranging from $10,000 to $2,000,000 30 days following the diagnosis of a medical condition
  2. Does not affect disability insurance – all sums are paid on top of any existing medical or disability insurance plans
  3. Amount paid is tax-free
  4. You may choose to be covered for 10 years, 20 years, up to age 75, or for life
  5. If you develop no critical illness during the duration of the policy, a 100% refund of premiums is issued
  6. In the event of death, all premiums are refunded to your beneficiary
Critical illness insurance guarantees the payment of a tax-free benefit, 30 days after diagnosis of one of the following illnesses or medical conditions:
  1. Cancer                                                              14. Muteness (loss of speech)
  2. Stroke (Cerebral Vascular Accident, CVA)    15. Major burns
  3. Myocardial Infarction (Heart Attack)              16. Benign Brain Tumour
  4. Coronary Artery Bypass Surgery                     17. Occupational injury – HIV
  5. Kidney failure                                                  18. Motor Neuron Disease
  6. Major Organ Transplant                                   19. Alzheimer`s disease
  7. Multiple Sclerosis                                             20. Parkinson`s disease
  8. Coma                                                                21. Aplastic Anemia
  9. Paralysis                                                           22. Loss of ind. Existence
  10. Dismemberment                                               23. Heart Valve Replacement
  11. Blindness                                                          24. Aortic Surgery
  12. Deafness                                                           25. Bacterial Meningitis
  13. Major Organ Failure on Waiting List
Click here to contact us or receive a free Critical Illness quote
 
4261 - A14 Hwy #7 Suite 239
Unionville, ON - L3R 9W6
Tel: ( 905 ) 471 - 5353
Fax: ( 905 ) 471 - 5451
Email: info@asmfinancial.ca
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