Why Should Your Business Provide Group Critical Illness Insurance?
Canadians suffer from a life-threatening illness more often than you may think. In fact, nearly half of all men and women in Canada are expected to be diagnosed with cancer at some point in their lifetime.
Fortunately, the survival rate for cancer and other critical illnesses—such as heart attack and stroke—are increasing thanks to medical advancements. Unfortunately, recovering from a life-threatening illness can cause significant financial stress, be it paying for treatments or not being able work while recuperating.
By providing your employees with critical illness insurance, they will be able to cope financially as they focus on recovery.
Critical illness insurance benefits also help to fill the gap between what is covered through group disability insurance and group life insurance plans. These three plans are complementary and provide comprehensive coverage that your employees can count on.