Critical illness insurance provides a lump-sum payment for a diagnosis of a critical illness such as cancer, heart attack, or stroke, to protect your family’s financial well-being and standard of living until you recover.
Often, being diagnosed with a critical illness means more than simply having a life-threatening illness, it can also cause childcare expenses to increase. Additionally, you may incur out-of-pocket travel expenses to receive treatment, and be forced to invest in vehicle modifications and in-home care. Lastly, some medical expenses may not be covered by government or private healthcare plans.
With critical illness insurance from DFSIN Toronto West Financial Centre, you will be covered for up to 26 illnesses and medical procedures and the benefit is a tax-free lump-sum payment.
A DFSIN Toronto West advisor will evaluate different insurance strategies and help you choose benefit amounts that are adapted for your personal needs. These can include:
We specialize in delivering the best critical illness insurance solutions for individuals, self-employed workers, and business owners in Ontario and we have many options to work with.
If you’d like help with any of these questions, our advisors will help design a plan that allows business owners like you to take out critical illness insurance within your company.
If you are in a partnership, our advisors will help fit your business with a critical illness insurance quote that will pay if you or one of your partners suffers a critical illness or dies prematurely. If you remain healthy until your coverage ends and no claims have been made, there are options that will allow you to get back all the premiums you and your company have paid through a tax-free, health benefit disbursement.
If you want to make certain you and your family or business are protected should you be diagnosed with a critical illness, contact our Life and health insurance advisor today online or call (416) 695-1433.