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Stewart Financial Services
- Protecting Your Financial Health
Critical Illness Insurance
Ask yourself – if a serious illness kept me from work – if I was unable to do everyday tasks for weeks, months or even longer – how would I cope physically, emotionally, and financially?
That is where Critical Illness Insurance comes in—you are free to spend the money as you wish—such as to help cover lost income or to supplement your income while you are unable to work, to pay for private nursing or out-of-country treatment, medical equipment, or medical costs not covered by government and group plans, or even to pay off outstanding liabilities such as a mortgage or line of credit. It can help you where you need it most so you can focus all your energy on recovering.
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Critical Illness Insurance can provide you with a lump sum payment if you suffer from a covered critical illness and the survival period (usually 30 days) is satisfied.
Unlike traditional Disability Insurance, when you make a claim under a Critical Illness Insurance policy, your benefit is not based on a reduction in your income, but is paid in full according to the terms of the Insurance policy, and pays in addition to Disability Insurance. The physical and emotional strain of a critical illness can be severe and when you combine that with the potentially damaging financial impact, the result can be life and lifestyle altering.
Did you know that you have a greater chance of getting a critical illness before you are 75, than you do of dying? That probably seems scary. But, the good news is that the majority of people who are diagnosed with a critical illness before age 75 recover and get on with life, albeit a life with new financial challenges.
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Contact Stewart Financial Services to find out more information about Critical Illness Insurance and make sure you are protected.