Critical Illness Insurance by Craven Financial Planning
Critical Illness insurance ensures that you are financially protected if you're unable to work due to critical illness.
Secure Your Income with Critical Illness Insurance
With critical illness insurance in Canada, you can safeguard your financial future by receiving a lump sum payment if you’re diagnosed with a serious illness like cancer, heart disease, or stroke. This insurance provides flexible coverage options, allowing you to customize a policy that meets your needs.
Whether it’s covering medical expenses, mortgage payments, or daily living costs, critical illness insurance helps you maintain your lifestyle during recovery.
The peace of mind knowing you’re protected makes critical illness insurance a vital part of any comprehensive financial plan.
Common Questions and Answers:
- What types of illnesses are covered?
Critical illnesses like cancer, heart attack, and stroke are typically covered. - How does critical illness insurance work?
It provides a lump sum payment upon diagnosis of a covered illness, which can be used for any expenses. - What strategies can maximize critical illness coverage?
Tailoring your coverage amount and regularly reviewing your policy helps ensure comprehensive protection.
Ready to protect your future with critical illness insurance? Contact Financial Planner William (Bill) Craven for personalized strategies.
Ready to secure your future with Critical Illness Insurance?
Whether you’re just starting to explore insurance options or seeking to enhance your current coverage, William (Bill) Craven will help guide you through the process.
Get started today
Critical illness insurance offers peace of mind by providing financial protection if you’re diagnosed with a serious illness like cancer, heart disease, or stroke.
Frequently Asked Questions about Critical Illness Insurance
Critical illness insurance provides a lump sum payment if you're diagnosed with a covered serious illness, such as cancer, heart attack, or stroke.
You receive a one-time, tax-free payment after being diagnosed with a qualifying illness, which can be used for any expenses.
Most policies cover major illnesses like cancer, heart disease, stroke, and others specified in the policy.
Yes, the lump sum payment from critical illness insurance is generally tax-free in Canada.
The cost varies based on factors like age, coverage amount, and health status. Customizing the policy can control costs.
Anyone concerned about covering expenses like medical bills, mortgage payments, or lost income during recovery should consider it.
It depends on the condition, but some policies may exclude pre-existing conditions or have higher premiums.
