What is Critical Illness Insurance?

Everyone would like to imagine a future with perfect health. But the right time to plan for unexpected illness is when you’re healthy. Critical illness insurance can help cover the costs associated with a life-altering illness.

What is critical illness insurance?

Critical illness insurance is designed to help pay costs associated with life-altering illnesses.
Simply put, it provides additional funds if you become seriously ill, so you can focus on your health and not your finances.

How does critical illness insurance work?

If you are diagnosed with one of the illnesses covered by your policy, after a set time period, you'll receive a one-time lump-sum cash payment.

Do I need critical illness insurance?

So ask yourself, do your other insurance policies, like life, group health, or disability plans, offer adequate coverage?
Would your retirement goals still be met if you had to take out, say, $50,000 for medical expenses?
Can you afford to take on the costs associated with being critically ill? Things like loss of income, travel to and from treatment, and home care costs.
Critical illness insurance can help with those additional costs that come up.

Chances are you know someone who's been affected by serious health issues. Critical illness insurance will provide you with the peace of mind of knowing you're financially protected in case it happens to you, and will allow you to focus 100% on your own recovery.

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Learn more about critical illness insurance:
https://www.sunlife.ca/ca/Insurance/Health+insurance/Critical+illness+insurance?vgnLocale=en_CA