Overview
 
Critical Illness insurance is a relatively new form of protection that provides money while you are still alive. It has tremendous flexibility if you become critically ill because there are no requirements for how you spend the lump-sum of money that you receive. You don't have to get approval for expenditures, you don't have to provide any receipts, you don't even have to spend the money on medical expenses.

   

Critical Illness insurance provides you with a lump-sum payment to be used however you see fit. If you want to try alternative therapies, you want to be treated outside of the country, you want to hire someone to take care of you, you want to hire a nanny to take care of your children...you choose how to spend your money.

If you die while the policy is in force, your beneficiary receives a refund of 100% of the premiums that you paid into your Critical Illness policy.

Critical Illness insurance covers specific illnesses only. Critical illness plans provide a way of protecting yourself against the high cost of rebuilding your lifestyle following a critical illness. It offers a lump-sum cash payment while you are living, usually just 30 days after the diagnosis and with no requirement on how you spend the money.
Example of illnesses covered
• Heart Attack
• Loss of Limbs
• Major organ transplant
• Stroke
• Blindness
• Coma
• Multiple Sclerosis
• Deafness
• Severe burns
• Parkinson's Disease
• Cancer
• Paralysis
• Loss of speech
• Kidney Failure
• Heart bypass surgery
• Motor Neuron Disease (ALS)
• Alzheimer's Disease
• Occupational HIV
These plan’s also offers a number of additional options to customize your Critical Illness insurance policy. We can assist you in determining which options are best for you.
What's the chance I'll ever need critical illness insurance?
Did you know that you have a greater chance of getting a critical illness before you're 75, than you do of dying? That probably seems scary. But the good news is that the majority of people who are diagnosed with a critical illness before age 75 recover and get on with life. In fact, statistics* show that:
• More than 90% of people who have their first heart attack recover
• 75% of people who have a stroke survive the initial incident.
• While women have a one in 9.5 chance of developing breast cancer, they only have a one in 26 achance of dying from it.
• And men have a one in nine chance of developing prostate cancer, and only a one in 27.5 chance aof dying from it.
If you were diagnosed with a critical illness, like the rest of us, you'd want to focus on your recovery. But what about money? Treating an illness is often associated with unexpected costs - not just medicine the government doesn't cover or getting treatment somewhere else. There are also costs to get someone to help you at home. And what if you just need to take a break from everything and get away? Well, that costs money too.
 
 
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