• Home
  • About Us
  • Money Coach
  • Education
  • Invest
  • Insurance Glossary
  • Contact Us
  • Privacy Policy
Call Us CALL | 800 748 5306 Ext 201, Direct 289 338 0543
Home
  • Home
  • About Us
  • Mortgages
    • Mortgage Rate
    • Which Mortgage | Mortgage Calculators | New Home | Refinance | Equity
    • Retirement Mortgage Services
    • The Truth About Reverse Mortgages
    • Types of Mortgages - Which One is right for you?
    • Mortgage Calculator, How Much Can I Afford?
    • Mortgage Calculator, calculate, interest, balances, & amortization schedules
    • Mortgage Calculator, Compare Mortgages Features and Terms
    • Mortgage Calculator, Pay your Mortgage Off Faster
    • Mortgage Calculator, Accelerated Debt Payoff
    • Mortgage Calculator, Should I refinance?
    • Mortgage Calculator, Rent or Buy
  • Insurance
    • Life Insurance
    • Living Benefits - Disability Insurance
    • Living Benefits - Critical Illness Insurance
    • LONG TERM CARE INSURANCE
    • Life Insurance Quote
    • Insurance Quotes & Retirement Analysis
    • Group Benefits | Group Health Insurance
    • Insurance Glossary
  • Saving
    • Saving, How To Save More Money
    • 10 Amazing Money Saving Tips
    • Personal Finance Ideas
    • Get Money Coach Newsletter
    • Tax Free Savings Accounts | What Is TFSA?
    • Registered Retirement Savings Accounts | What is an RRSP?
    • Debt Consolidation Plans and Loans - Less Stress & Worry
    • Financial Planning Education & Information
  • Investing
  • Retirement
    • Retirement Planning | Savings and Income - How Much do You need to Retire?
    • Retirement | Saving and Investing - The Challenges?
    • Retirement Planning | Taxation Before, During and After Retirement
    • Registered Retirement Savings Accounts | What is an RRSP?
    • EASY RETIREMENT CALCULATOR - Amount Needed to Retire at 60 OR 65
  • Blog
mortgages Mortgages

Save thousands with the right morgage!

Read More
life insurance Life Insurance

Understand why life insurance is important. Term or Whole Life anyone?

Read More
SavingSaving

Learn how to save more

Read More
Invest Invest

Learn how to achieve 8% to 20% returns

Read More
Retirement Retirement Services

Retirement Mortgage, Investment & Insurance Services

Read More
Debt Consolidation Debt Consolidation Services

Become debt free by consolidating learn how.

Read More
Home > Living Benefits Critical Illness Insurance > Living Benefits - Critical Illness Insurance

LIVING BENEFITS-CRITICAL ILLNESS

CRITICAL ILLNESS

CI or Critical illness provides a lump sum or partial payment when your life is threatened then become ill with any one of the biggest critical illnesses: heart attack, stroke and cancer account for 85% of the majority of CI claims. Cancer claims account for the single largest claims category. The latest form of CI insurance is called cancer insurance which has slightly lower premiums.  Watch the video about how and when Critical Illness Insurance was invented.
Dr Barnard the inventor of Critical Illness Insurance

 

CRITICAL ILLNESS INSURANCE

CI pays a cash amount when you have one of 24 life threatening illnesses. Critical Illness was first invented by heart surgeon Dr Marius Barnard. And was first introduced in South Africa in 1982 and in Canada in 1996. Critical Illness has tremendous flexibility because there are no restrictions on how you spend the lump sum cash you receive as a benefit when you make a claim. You do not have to get approval for expenditures, provide receipts or spend money on medical expenses. You choose how you want to spend the money having treatment in another country, buying necessary treatments or drugs, make modifications to your house.

 

MAIN FEATURES

30 Day Benefit Claim Waiting Period: CI will pay the sum insured upon first diagnosis of a Critical Illness condition. In order for the Sum Insured to be paid, the Insured must survive for a period of 30 days following the first diagnosis of  the Critical Illness condition.

Waiver of Premium Rider: Many policies allow you to add payment of your CI premium if you are disabled and can’t work. Insuring your insurance policies can sometimes make sense.

Return of Premium on Death Rider: Most policies will return the Annual Base Premiums paid from the policy date to the date of death when the Insured dies. The maximum amount returned is  usually limited to the Sum Insured.

Return of Premium on Surrender Option Rider: This feature provides the Insured the option to surrender coverage on the 10th-15th or 20th -25th policy anniversary and receive a 100% return of annual premiums paid. The insured also has the option to surrender only a portion of coverage and receive a proportionate return of premium. This rider is expensive and can double your monthly premiums its worth considering to both as a way to save and have insurance. The following conditions are usually covered in most CI policies:

  • Alzheimer’s Disease
  • Aortic Surgery
  • Aplastic Anaemia
  • Bacterial Meningitis
  • Benign Brain Tumour
  • Blindness
  • Coma
  • Coronary Artery Bypass Surgery
  • Deafness
  • Heart Attack
  • Heart Valve Replacement
  • Kidney Failure
  • Life-Threatening Cancer
  • Loss of Limbs
  • Loss of Speech
  • Major Organ Transplant on Waiting List
  • Major Organ Transplant
  • Motor Neuron Disease
  • Multiple Sclerosis
  • Occupational HIV Infection
  • Paralysis
  • Parkinson’s Disease
  • Severe Burns
  • Stroke
Facebook
Twitter
LinkedIn
Google+
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
Twitter Logo
Tweets by @iiiorg

Resources

Home About Us Get a Quote Education Newsletter Contact Us

Contact Us

  • Mailing Address
  • 96 Kennedy Road S
  • Suite 204
  • Brampton, ON L6W 3E7
  • O: (800) 748-5306
  • E: info@agilefinancialservices.com
© Copyright. All rights reserved.
Powered by Insurance Website Builder