Supplement Your Health Insurance Plan with Critical Illness Insurance
You have health insurance to take care of hospital bills, dental insurance to care for your teeth and possibly disability insurance to pay a monthly benefit if you are unable to work.
Critical Illness Insurance supplements your health insurance by paying you a lump sum if you contract and survive a serious illness. You can imagine the financial impact of contacting a serious illness and being unable to work for a long period of time. There could be lost income, hospital bills, medications and more bills. Critical Illness insurance minimizes or eliminates the financial impact of a serious illness. You can use the payment any way you wish as it is your money.
Introducing Manulife Financial’s Lifecheque Basic
Brief Overview
- Pays $25,000 lump sum 30 days following a diagnosis of cancer, heart attack or stroke, or coronary bypass or aortic surgery.
- Spend the $25,000 however you wish. It is your money.
- You are eligible if you are a Canadian between the ages of 18 and 60 years. You are covered until you reach age 75.
- Inexpensive. For example, a 25 year old male non-smoker can begin the plan at $6.00 per month. With a return of premium option the rate increases to $6.50. One of the lowest premiums you can find for individuals under age 50.
- Includes Best Doctors Solutions Services
- Return of Premium Option. Purchase the plan (between the ages of 18 and 55) and reach your 75th birthday without a claim and Manulife Financial will reimburse all your premiums (up to $25,000).
- No medical questionnaire required, only a declaration of good health
- Premiums are based on age, gender, and smoking status. Premiums will not increase within your first five years.
- Non-smokers’ premiums can be up to 50% lower than smoker premiums.
Do You Want this Coverage? You Can Apply On-Line Now. Click Here and Select Lifecheque Basic Critical Illness Insurance
Manulife’s Lifecheque Basic Critical Illness Insurance covers five common life changing illnesses and conditions:
- Cancer
- Heart Attack
- Stroke
- Coronary bypass surgery
- Aortic surgery
Critical Illness Statistics
Insure against Heart Attack (From the Heart and Stroke Foundation)
- 1 in 4 Canadians will contract some form of heart disease.
- 75,000 Canadians suffer heart attacks each year.
- Heart disease costs the Canadian economy approximately $19 billion every year in medical services, hospitalization expenses, loss of income and loss of productivity.
- The rate of death among patients hospitalized for heart attacks has been decreased by half, from 16 per cent to 8 per cent.
- 1 in 2 heart attack victims are under the age of 65.
Insure against Stroke (From the Heart and Stroke Foundation)
- 50,000 Canadians suffer a stroke each year.
- 75% survive the initial event.
- Strokes are the leading cause of neurological disability.
- 1/3 of stroke victims are under the age of 65.
- 60% of stroke victims will be left with a disability.
Insure against Cancer (From the Canadian Cancer Society)
- More than 130,000 Canadians will be diagnosed with cancer this year.
- Over 60,000 people in Canada will die this year from the disease.
- 1 in 3 Canadians will develop cancer in their lifetime.
- 1 in 9 women will develop breast cancer.
- 1 in 3 women and 1 in 2.5 men will develop cancer in their lifetime.
Insure against Coronary Artery Bypass Surgery (From the Heart and Stroke Foundation of Ontario/Canada)
- Bypass surgery is performed more on men than women by a ratio of nearly 4 to 1
- There are approximately 11,000 bypass surgeries performed in Canada each year.
- The rate at which bypass surgery is performed on people age 65 and older has increased.
Having Health Insurance and Critical Illness Insurance is vital to protect yourself from unexpected financial loss due to illness.
Want to investigate other Critical Illness Insurance options? Visit www.critical-illness-insurance.com