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Critical Illness

Critical Illness is a relatively new coverage to Canada. Marketed under a number of different names, it provides a lump sum payment normally 30 days after you are diagnosed with a defined critical illness.

A basic plan might cover Heart attack, Life threatening Cancer and Stroke while a more comprehensive plan will cover a number of other illnesses such as:

  • critical illness insurance Terry PriceAlzheimer disease
  • Paralysis
  • Blindness
  • Parkinson's disease
  • Loss of Speech
  • Coma
  • Renal failure
  • Loss of Limbs
  • Severe Burns
  • Coronary Artery Disease
  • Multiple Sclerosis
  • Vital organ Transplant
  • Occupational HIV Infection

The benefit of a Critical Illness coverage is that it provides a claimant immediate cash to readjust their lifestyle, seek immediate medical help in another country or spend otherwise as they wish.