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- 647-274-9670
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Critical Illness Insurance
WHEN THERE IS IF IN LIFE
Canada’s Leading Insurance Marketplace
Insurance that helps you focus on getting better, and Help protect your lifestyle
Critical illness insurance can give you financial security and valuable support services to help cope during a challenging time. Focus on your recovery knowing that you have money to help with your expenses if you’re diagnosed with a serious illness.
Critical illness can give you a tax-free payment if you’re diagnosed with a serious condition. Your contract will define which conditions you’re covered for, but some examples include cancer, heart attack or stroke.
A Critical Illness insurance product pays a lump sum benefit if the insured is diagnosed with one of up to 25 covered conditions and outlives the survival period specified in the contract. This product is for people who want a financial resource to help them cover additional expenses linked to recovery from a critical illness, such as time off work, traveling to receive treatments, home care, renovations, and the cost of treatments not covered by public health insurance.
You might already know someone who has benefited from the protection of Critical Illness insurance. It is also possible that you have not heard much about Critical Illness insurance. Either way, in the event of a catastrophic medical emergency, such as cancer, leukemia, a heart attack, stroke, or a seizure and much more, critical illness insurance may be your sole means of avoiding financial disaster.
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CRITICAL ILLNESS INSURANCE
Coverage When It Counts, It’s More Than Just A Payout
Coping financially with an illness is just part of the picture. Having access to emotional support and medical treatments can help your recovery.
Benefits :
When illness strikes, your recovery or that of a loved one becomes your main concern.
- It covers medical care received in a foreign country.
- Replace your income if you are absent from work during your convalescence or that of a loved one.
- Pay for medication and treatments not covered by other health insurance plans.
- Cover bills for current expenses.
- Cover extra expenses such as travel, home care, domestic help for housework or childcare.
Expert Medical Help
Get access to the top 5% of specialists in their fields.
- Provide a second opinion.
- Help understand medical conditions.
- Explain treatment options.
- Help navigate the health care system.
Additional Support
You and your family can get professional help to deal with .
- Counselling services.
- Family support services (child care, home care).
- Legal and financial consultations.
- Nutritional advice.
WHY CHOOSE
POLICYDIRECT?
CRITICAL ILLNESS INSURANCE
Why You Need It ?
Critical illness insurance gives you the comfort of knowing you will have financial stability if you are diagnosed with a covered life-altering illness.
It’s More Comon Than You Think
A serious, life-altering illness affects one in three Canadians in their lifetime.
Protect Your Retirement Savings
Don’t dip into your RRSP or other investments to pay for additional medical costs.
Focus On Your Recovery
Concentrate on getting healthy knowing your benefit payment can help with your finances.
Protected Against Unexpected
Protection and security for you and your family.
Right Plan @ Right Rate
We will get you right coverage. Pay only for what you need.
When There Is If In Life
You can count on us, wherever & whenever you roam .
How Does Critical Illness Insurance Work?
If you are diagnosed with one of the policy-covered conditions, Critical Illness coverage will help you eliminate the need to sacrifice savings. The tax-free claim can be used for costs such as medication, recovery, mortgage, rent, or house modifications, such as wheelchair accessibility. In fact this money can be used for anything. The odds of Getting Cancer in Canada is One out of Two.
- Choose the coverage amount you want.
- Pay your premium.
- File a claim if you’re diagnosed with a critical illness.
- Receive your payment. You may have to wait a set period of time depending on your condition.
Critical Illness insurance coverage eliminates the need to accumulate credit card charges or reduce retirement savings. The funds can be used for non-medical expenses (such as transportation and child care costs) or any expense that may result from illness. The policyholder will receive a lump sum payment after the insured has outlived the standard 30 day waiting period. A variety of factors influence policy price, including: the quantity and scope of coverage, the policyholder’s sex, age, term, and wellness.
Customized Insurance Offering By Policydirect
Policydirect compare products and pricing across several insurance companies and suggests thatfits your requirements.
Canada’s Leading Insurance Broker
A simple promise : We'll be there when you need us most. When there is if in Life, you can count on PolicyDirect.
No Obligation, Financial Analysis
We can assist you in reaching your financial goals with personalized financial pathway that meets your unique needs & goals.
Pain-Free Insurance Solutions For Everything
Get your auto, Property, Travel, Life, Health, Business insurance quote. Your one-stop-solution for all your insurance needs.
Do you need critical illness or disability insurance?
Depending on your situation you may need only critical illness or disability insurance but there are many times when you need both to fully protect yourself.Critical illness and disability insurance work together to help reduce the impact of disability or serious illness.
.
Payment type?
When do you receive the payment?
Do you have to wait?
How long does your coverage last?
Ideal for?
Critical Illness Insurance
Tax-free, one-time payout
If you’re diagnosed with a covered condition
No waiting period in certain cases
Coverage for life
A large sum that you can use for what you want like paying medical expenses, mortgage and pay off debt
Disability Insurance
Monthly income replacement
If you can’t work because of injury or illness
Usually will have to wait
Ends at age 65
Covering monthly expenses
CRITICAL ILLNESS INSURANCE
How Much Do You Need?
Depending on the severity of your illness, you may need to take time off work. Let’s consider your income and expenses to determine how much coverage you need.
First, let’s look at your Current income
- How much income might you
- lose if you were too sick to work?
- If your spouse had to take a leave of absence how much income would they lose?
Now, let’s look at your current expenses.
- Mortgage or rent
- Loans and other debts
- Groceries and utilities
- Credit card payments
- Other living expenses
Lastly, keep in mind you may incur additional expenses.
- Healthcare (hospital room, drug costs, etc.)
- Travel for treatments
- Childcare during treatment and recovery
- Domestic help (live-in nurse)
These are some of the expenses that can give you an idea of how much coverage you may need. This is only the first step.
What happens if you don't experience a critical illness?
You can add a return-of-premium benefit to your critical illness insurance policy. If you don’t experience a serious illness after as early as 10 years, you can choose to get your money back. If you choose this option your policy expires.
We make it happen
HOW POLICYDIRECT WORKS?
At POLICYDIRECT, process of buying insurance as easy and painless as possible. in just a few minutes you could be on the way to obtaining right coverage, protecting your loved ones, and having the peace of mind knowing we haveprotected you and your family.
STEP 1 - QUICK QUOTE
Get the Best quote from all major insurance companies
STEP 2 - QUICK GUIDE
Get free advice from our advisors on product for your unique needs.
STEP 3–SUBMIT APPLICATION
Submit your application, get approved and deliver your policy.
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