Critical Illness Insurance
Life is unpredictable, and a critical illness diagnosis can bring both emotional and financial stress. At Invesmar, we believe in providing you with peace of mind, knowing that you’re protected when faced with life’s toughest challenges.
Critical illness insurance offers financial support, helping you focus on recovery instead of worrying about your finances.
Our goal is to help you understand how critical illness insurance works, what it covers, and why it’s a vital part of your financial planning strategy.
What is Critical Illness Insurance?
Critical illness insurance is a financial safety net designed to provide a lump-sum cash payment if you’re diagnosed with a covered critical illness. This payout is tax-free and can be used however you choose.
Whether it’s to cover medical expenses, replace lost income, or fund alternative treatments, the flexibility of this insurance gives you control during a challenging time.
What Does Critical Illness Insurance Cover?
Critical illness insurance typically covers a wide range of serious health conditions. While the specifics depend on the policy, common illnesses and conditions include:
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Cancer (life-threatening types)
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Heart attack
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Stroke
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Kidney failure
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Coronary artery bypass surgery
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Multiple sclerosis
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Organ transplant
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Paralysis
At Invesmar, we work with you to identify the policy that offers the right coverage for your specific needs. Our team ensures that you have a clear understanding of the conditions covered under your plan and helps you choose a policy that aligns with your health and financial goals.
Why Do You Need Critical Illness Insurance?
The financial impact of a critical illness diagnosis can be overwhelming. Beyond medical bills, there are often additional expenses to consider, such as:
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Lost income during recovery
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Travel costs for specialized treatments
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Home modifications for mobility or accessibility
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Childcare or caregiving services
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Government health plans and traditional health insurance may not cover all these costs. Critical illness insurance bridges the gap, giving you the financial freedom to make decisions based on what’s best for your recovery, not your bank account.
How Does Critical Illness Insurance Work?
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Choose Your Coverage: Select a policy with a coverage amount that suits your needs, typically ranging from $25,000 to $500,000 or more.
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Pay Premiums: You’ll pay regular premiums, which are determined based on factors such as age, health, and coverage amount.
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Receive a Lump-Sum Payout: If you’re diagnosed with a covered illness, you’ll receive a lump-sum payment.
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Use the Funds as Needed: The money can be used however you choose, whether for medical treatments, debt repayment, or everyday living expenses.
At Invesmar, we simplify this process, guiding you through each step to ensure you’re confident in your coverage.
Key Benefits of Critical Illness Insurance
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Financial Flexibility: Use the lump-sum payment however you see fit.
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Peace of Mind: Focus on your recovery without financial stress.
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Comprehensive Coverage: Protect against a range of critical illnesses.
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Supplementary to Other Insurance: Works alongside other types of coverage, such as life or health insurance.
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Customizable Options: Tailor your policy to suit your budget and coverage needs.
Who Should Consider Critical Illness Insurance?
Critical illness insurance is ideal for individuals who:
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Want to protect their family from financial strain in the event of a serious illness.
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Are self-employed or without access to workplace benefits.
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Have dependents or financial obligations, such as mortgages or education costs.
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Wish to supplement their existing health or disability insurance plans.
Even if you’re young and healthy, having this insurance in place can safeguard your future, ensuring you’re prepared for unexpected challenges.
How Invesmar Can Help
At Invesmar, we understand that every individual’s financial and health situation is unique.
Our experienced advisors take the time to understand your needs, explain your options, and help you choose the right critical illness insurance policy.
We partner with leading insurance providers to offer competitive rates and comprehensive coverage, ensuring you’re protected no matter what life throws your way.
Take the First Step Toward Peace of Mind
Don’t wait for a health crisis to start planning. Investing in critical illness insurance today can protect your tomorrow. Contact us to learn more about your options, schedule a consultation, and let us help you find the coverage that’s right for you.
With Invesmar, you’re not just preparing for the unexpected—you’re empowering yourself to face life’s challenges with confidence.
CONTACT US
ADDRESS
6D – 7398 Yonge Street, Suite 202
Thornhill, ON L4J 8J2
TELEPHONE
(416) 410-2332
FAX
(905) 707-5540
Arthur Standil: standil@invesmar.com
Shari Standil: sstandil@invesmar.com
Macey Standil: mstandil@invesmar.com