Critical Illness

Security when you need it the most.

Critical Illness

Critical illness insurance should be looked at as an investment. Many people are of the belief that illnesses only happen to others. Yet, most people today know of someone who has been diagnosed with Cancer or had a Stroke or Heart attack.

You are 10 times more likely to develop a Critical Illness than you are to die prior to age 65; the reality is you have a better chance of surviving a critical illness, than you do of dying from it. The question is, “will you be able to survive financially?”

Critical Illness Insurance was designed to help people financially, when they became seriously or critically ill. Upon diagnosis a lump sum benefit is paid to the policy owner. With options such as return of premiums, second event riders & best doctors, Critical Illness insurance should be included in every person’s financial plan.

The money received is provided to you on a tax-free basis and you are able to use the proceeds as you please. The most common choices in provides are:

  • 1. Reduce financial stress allowing you to focus on recovery.
  • 2. Pay down debts (mortgage, line of credit, credit card).
  • 3. Pay for lifestyle expenses (regular monthly bills)
  • 4. Pay for your partner to take time off from work to help with the recovery process.

The benefit truly allows you to focus your full attention on recovery – both physically and emotionally – so that you don’t have to worry about your immediate financial obligations.

History

The first critical illness product was launched in South Africa by Dr. Marius Barnard. Barnard was motivated by the financial hardship he saw his patients suffer after he had saved their lives medically; his patients struggled financially in the months of recovery after surgery. He convinced the South African insurance companies to introduce a new type of insurance to cover critical illnesses. Barnard argued that, as a medical doctor, he can repair a man physically, but only insurers can repair a patient’s finances. On Oct 6, 1983, the first critical illness insurance policy was launched.

Are you ready to Get Started?

Feel free to contact me and, together, we’ll review your requirements and find a suitable cost effective plan for you.

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