Just How Critical Is Critical Illness Insurance?

We get asked this a lot by clients when going over the different coverage options they can take.  In the scheme of ranking insurance products by importance, we tell clients that’s a personal decision but one that they should look at closely. While being optimistic about one’s future health is by no means a bad thing, it is essential to be realistic and here are some cold, hard facts about just how widespread critical illnesses are today. 

• 1 in 4 Canadians has some form of heart disease and an estimated 75,000 Canadians suffer heart attacks each year.
• In Canada, there are an estimated 50,000 strokes each year.
• 2 out of 5 Canadians will develop cancer in their lifetime.

Unlike disability coverage, folks often associate critical illnesses will older generations. That’s just simply not the case. More and more homeowners between the ages of 40 and 60 are suffering a critical illness. Unfortunately, the recovery from one of them can have more impact than recovering from a short-term disability. We have access to several critical illness products that cover up to 25 different illnesses from a $50,000 payout to a million. The lump sum benefit from these policies can be used for anything the insured chooses to use it for from income replacement and rehabilitation to a celebratory vacation once recovered. What your clients want to spend this money on is entirely up to you.

Broker Plus Insurance is proud to offer a wide range of critical illness products to ensure your needs are met.
These products include:
Standalone Critical Illness insurance (both 10-year renewable and level to age 75)
Critical Illness Rider for our Term insurance
Critical Illness Rider for children
Standalone Critical Illness for children
No Medical Critical Illness for those who may be hard to insure.
Don’t let this critical product slip through your grasps contact us today for more information!

To request a quote on the products we offer, click here.
Alternatively, call: 1-877-242-8820 and press 3 to speak with an insurance coordinator. 
*Statistics are from the Heart and Stroke Foundation of Canada.