Did you know that you can financially protect yourself against heart attacks, stroke and even cancer?

If a serious illness happened to someone in your family, what might some of your concerns be?  Living a long and high quality of life, being able to care for your ill loved one, or having a significant impact on your family finances?  Would you be willing to delay retirement, reduce your living expenses, go into debt or sell your house to handle the financial costs of a critical illness?

Critical Illness insurance can help relieve these financial burdens by providing a tax-free lump sum payment that can be used to help pay for a caregiver, extended time off from work, airfare for loved ones, or medical expenses not covered by your work or health plan. In fact the money can be used any way you please. A critical illness (ex. Heart attack, stroke or cancer) is more common than you might think, with 73% of us knowing someone who has suffered a serious illness. 

Think about yourself for a moment - do you think you have a lower than average, average, or higher than average chance of becoming seriously ill?  A recent survey conducted on over 1,700 Canadians found that 85% of those surveyed feel that they have an average or above average likelihood of becoming seriously ill; yet, only 5% reported that they actually have critical illness insurance.

Critical illness insurance provides a safety net when you need it most.  While it is impossible to predict the future, it is important to plan for the unexpected.  With the start of a new year upon us, now is the perfect opportunity to talk about your options with a financial advisor and ensure you and your loved ones are protected with critical Illness insurance.  

 

Aaron Buchner

Financial Advisor

Susan Creasy Financial Inc.