When it comes to your family, ensuring that every member of the household is insured and receives the benefits they need is important, especially when it comes to your children. That’s why the team from DFSIN Toronto West Financial Centre specializes in critical illness insurance for children in Ontario in addition to the coverage we have for adults and the elderly.
The child critical illness insurance available from our team helps ensure your family and child can remain financially stable should they be diagnosed with a life-threatening illness. This is accomplished by paying out a one-time, lump-sum payment when they’re diagnosed with one of the 29 illnesses covered by our team, such as cancer or multiple sclerosis.
Other illnesses and diseases on the list include childhood diseases and chronic illnesses such as:
The critical illness insurance for children available from DFSIN Toronto West also offers an advance for less severe diagnoses and treatments, such as minor cancers and cancer-related surgeries, and minor cardiovascular conditions and procedures.
Child critical illness insurance functions much the same as any other insurance type in the sense that once your child is diagnosed with one of the critical illnesses or childhood diseases we cover, you’ll receive a lump sum financial payout. This money can then be used to help cover additional care costs, like hiring an in-home care assistant, doctor co-pays, costs for medication, and other healthcare-related items.
With child critical illness insurance, you’ll be able to shoulder the burden of paying for a range of medical expenses. For example, dealing with diabetes can cost families up to $1,500 a year in extra medical equipment and doctor visits; that money adds up. Child critical illness insurance also enables you or your partner to take the necessary time off work to care for your child.
With critical illness insurance, the premiums are low and guaranteed and can continue into adulthood, costing your children much less when they’re older than if they were forced to purchase critical illness insurance as an adult. Lastly, since the benefit is a one-time, lump-sum cash payout, you’re able to use the money as you see fit, meaning it can cover non-medical expenses as well.
Age 0 to 25:
When you choose DFSIN Toronto West, you can count on support and stability from a multi-disciplinary team of financial professionals. Our team has the freedom to choose from the best offers available in the market. DFSIN Toronto West works with families, individuals, and small business owners to help them remain on firm financial footing.
A comprehensive and tailored plan will bring your goals into focus. Our independent financial advisors are with you at every stage of your life to help you push your limits to achieve your financial goals.
Since 2005, the team at DFSIN Toronto West Financial Centre has been providing high-quality personal and business insurance and financial services to a wide range of clients. Over the years, we’ve developed a reputation across southern Ontario for building lasting relationships with all of our clients.
To learn more about how our financial team can help you achieve your goals, contact our life and health insurance advisor online today or call 416-695-1433.