Why is critical illness insurance important?
Critical illness insurance helps cover the unexpected costs and potential loss of income associated with a serious illness. From the costs of medicine and treatment, to travel, specialist and home accommodations, treating and recovering from an illness can have a devastating financial impact. Plus, if you’re unable to work during your recovery, the impact is even greater.
What can this insurance be used for?
With critical illness insurance, if you become sick with one of the covered conditions covered by your policy and survive the waiting period, you receive a cash benefit. Benefit amounts available: $25,000, $50,000, $75,000. It provides one lump sum, tax-free cash benefit to the insured if a covered condition is diagnosed.
You can then use the funds as you wish!
What conditions are covered?
Covers 5 critical illnesses: Cancer (life-threatening), Heart Attack, Stroke (Cerebrovascular Accident), Coronary Artery Bypass Surgery, and Aortic Surgery.
How do I apply to for this Insurance?
With the Lifecheque® Basic critical illness plan, you don’t have to complete a medical questionnaire; all that’s needed is a declaration of your good health. Best of all, once covered, you can keep Lifecheque Basic for up to age 75, regardless of any changes in your health or occupation.
Who is Lifecheque Basic ideal for?
- individuals looking for a simple application process with no medical checks
- mortgage or debt protection
- supplementing gaps in disability insurance protection
- for small businesses, available guaranteed issue solution for employers looking to enhance an existing employee benefits package. Minimum of 25 lives. Policy is portable should an employee leave the employer.
1.888.223.1011
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