Illness is an unexpected and unfortunate event that changes our life dramatically. Moreover, the financial consequences of critical illness such as cancer, heart attack, tumor, Cerebral attack is devastating for our wealth and financial positions. Critical illness can occur at any time and leave us when we have nothing to lose anymore. Therefore, as we insure ourselves and our properties against unexpected events, we should also take critical illness insurance to safeguard our life against challenging & costly diseases. Critical illness is also commonly known as catastrophic illness due to its costly nature and lengthy, complex treatment methods and procedures. Critical illness is considered a big health emergency and its financial impact on our wealth and loved ones are devastating and heartbreaking. This insurance protects our financial ruin against life-threatening diseases. This insurance provides us with additional medical coverage at the time of life-threatening medical emergencies such as Cancer, heart attack, and cerebral stroke.

Critical illness insurance in Canada can protect both young and older generations from financial bankruptcy while enduring catastrophic medical emergencies and critical diseases. The nature of critical illness and medical emergencies is such that they incur greater medical costs than the average coverage offered by traditional health insurance policies. People should think about buying critical illness insurance to pay for life-threatening diseases and medical emergencies. Traditional medical policies and healthcare policies may not always cover treatments for critical illnesses. So the importance of critical insurance is paramount as it can save you and your loved ones from financial catastrophe. The most significant benefit of critical illness insurance is that it provides coverage for transportation costs involved in taking patients to healthcare facilities through ambulance, wheelchair, critical support during transport.

Critical illness insurance in Canada can pay your bills for critical illness. The policy also provides you with tax benefits by reducing your tax burden on your current income. It gives you adequate peace of mind and keeps you away from stress. We all may have our health insurance but it’s not enough to cover the expenses of life-threatening diseases. Our traditional healthcare policies often fall short in providing us with relief during medical emergencies. The cost of any critical illness is big. Therefore we must also take critical illness policy to save our loved ones from helplessness. There are several risk factors that determine the cost of the premium for your critical insurance policy such as Your age and sex, Your lifestyle, coverage areas, and the type of insurance policy. The top insurance companies have experts who can help you choose the right critical illness insurance policy based on your preference and budget.


For More Details : https://www.einsured.ca/critical-illness-insurance/