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| Features
of Critical Illness Insurance |
- Provides a lump sum of tax-free money 30 days
after you are diagnosed as having an insured illness
(eg. heart attack, stroke, cancer).
- Is independent of your ability to still work.
- Thanks to modern medicine, most people now
survive critical illnesses, but the financial costs can
be staggering. Critical illness insurance helps you maintain your financial
footing, while getting
the best treatments possible.
- If the insured dies, all premiums are refunded
to the beneficiary (standard feature for most critical
illness insurance plans).
- Available to people between the ages of 18
and 65.
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| Options |
- Benefits range from $10,000 up to $2,000,000.
- Return of premium: premiums will be returned
to you if you do not claim after 10 years or by age 75.
- Available in two forms: Basic and
Comprehensive. Basic plans cover heart attack, stroke, and cancer.
Comprehensive plans cover heart attack, stroke, and cancer, as well
as up to 18 other illnesses.
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| Uses
of Critical Illness Insurance |
- Get the latest treatments and best services
medical science has to offer.
- Allow your partner to take time off during
your recovery.
- Recover your financial footing after surviving
a critical illness.
- Spend your last days doing something you love
(eg. travel).
- Pay for private nursing care.
- Semi or early retirement.
- Pay off the mortgage, pay for child care,
hire domestic help, etc.
- Modify your home to have better mobility.
- Take time off to fully recover before returning
to work.
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