Critical illness is a term that nobody wants to think about. And of course, they don’t – it’s scary and overwhelming to consider. Yet critical illness is a part of life and because of that, being prepared to deal with these kinds of life events is something that everyone should plan for.
What most people don’t know, however, is that certain insurance policies are designed to make this process easier. This coverage is known as critical illness coverage and provides buyers with a lump sum of money—which they are free to spend as they wish—should they survive a predetermined critical illness. Generally speaking, critical illnesses include: cancer, heart attacks and strokes.
But what exactly do we mean by a “lump sum of money that survivors are free to spend as they wish”? It’s quite simple, really. Recovering from a critical illness can prove to be devastating beyond beating the initial illness the physical and emotional stress following one’s battle and recovery can often put a strain on other parts of your life, including your finances.
Whether someone uses this money to pay off their mortgage, cover lost income or even pay for private out-of-the-country treatment, is completely up to their discretion. But if there’s one thing that’s certain, it’s that giving you the freedom to choose what you do with money, will alleviate some of the anguish related to recovery.
If you live in Calgary and are considering purchasing a Calgary critical illness policy, we can help you find coverage that is both affordable and reliable. Rogers Insurance offers free critical illness insurance quotes to people like you. It comes with absolutely no obligation, so if you’re interested in purchasing this policy there really isn’t any reason why you shouldn’t spend a quick minute filling out a quote.
If you care about your health and security for your loved ones, request your free insurance quote today.