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Have you ever thought about what would happen to your finances if you were diagnosed with a critical illness - and survived? Costs related to your recovery are significant. They involve losses to personal wages and new costs for care and treatment. Critical Illness coverage is designed to help protect your savings and finance those recovery costs.
Benefits can be used for personal and business needs. Activities might include:
- Modify access to home, office or vehicle
- Pay down mortgage or loans
- Purchase rehabilitation or home care services
- Hire replacement staff
- Pay down business line of credit
- Fund a buy/sell agreement for your business
Critical Illness coverage provides you a lump sum benefit to manage these expenses. You can focus on getting well and not worry about the extra expenses.
Consider the Following:
Cancer
1 in 3 Canadians will develop some form of life threatening cancer. 149,000 new cancer cases are reported annually. 30% of cancer cases are completely cured. There has been a 1% increase in the incidence of cancer since 1970.
Multiple Sclerosis
More than 50,000 Canadians have multiple sclerosis. MS is the most common neurological disease among young adults. Canada has one of the highest rates of multiple sclerosis in the world.
Stroke
50,000 Canadians suffer a stroke each year - 60% of stroke victims are women. 75% of stroke victims survive the initial event. 1 in 20 Canadians run the risk of having a stroke before age 70.
Heart Attack
95% of heart attack victims survive their first attack. 1 in 4 Canadians will contract some form of heart disease. 75,000 Canadians suffer heart attacks each year.
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