Critial Illness
Critical Illness Insurance

Critical Illness Insurance

Critical Illness policy premiums can be as flexible as you are. Your policy can be designed to cover you for a set number of years, or for life. You may choose the amount of coverage you want, plus you can even add a "return of premium" waiver which returns as much as 100% of premiums if you do not claim by a predetermined anniversary. As such, a Critical Illness policy can be affordable for every need.

The Critical Illness policy can be personally owned or owned through your corporation.

Generally, a policy will pay the benefit following 30 days of the diagnosis of a covered illness. The cash benefit can be used totally at your discression. Items such as mortgages, debt repayment, health care cost, and family travel are examples of what our clients tell us about. While policies can remain in force to age 100, benefits can be purchased to cover you for the period of time you feel your need will last.

Corry Collins has been the master of ceremonies at the World Critical Illness conference since its inception in 2003. As such he has met with the world leaders in this field, had had become friends with Dr Marius Banard who assisted in the worlds first heart transplant in South Africa. Corry has an understanding of the critical illness product and markets world wide. The critical illness product in Canada is far superior them products elsewhere in the world. Illnesses covered include, Heart Attack, Stroke, Life Threatening cancer, MS, Parkinson's, Alzheimer's, motor neuron disease, blindness, Coma, Coronary artery bypass surgery, occupational HIV, and several more can be covered.

Details and benefits can be obtained by contacting Living Benefits Atlantic.

Critical Illness Coverage

Covered illnesses may include (among others), heart attack, stroke, cancer, Alzheimer's disease, blindness, coma, coronary artery bypass surgery, Deafness, kidney failure, loss of limbs, Loss of speech, major organ transplant, motor neuron disease, multiple sclerosis, occupational HIV infection, Parkinson's disease, and severe burns. The covered illnesses will vary with the company and policy.

Most critical illness coverage is available to age 65, or age 75 or age 100. Policies can be either level in premium or stepped up with the age of the life insured i.e. every 10 years. The contract can either be guaranteed renewable (definitions are guaranteed, yet the premiums may change) or non-cancelable (both premiums and definitions are guaranteed for the life of the contract). Each of the above will dramatically alter the premium, and as such, a policy can be designed to meet any budgets.

A really nice feature of the Critical Illness plan is the return of premiums option. This option provides for up to 100% of your premiums to be returned to you after a specified amount of time if you’ve remained claim-free.