Critical Illness Insurance

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Critical illness insurance is a specialized policy designed to provide financial support during challenging times.  Unfortunately, less than 10 percent of Canadians have critical illness insurance.  Insurers will usually cover the big three: heart attacks, strokes, and cancer as they are the most common, taking up 91% of critical illness claims.  Here's a quick glimpse of its significance:

1. Comprehensive Coverage: Critical illness insurance pays a lump sum if you're diagnosed with a serious medical condition like cancer, heart disease, or a stroke.
2. Financial Security: The payout from critical illness insurance can help cover medical bills, rehabilitation costs, and even everyday expenses when you're unable to work due to illness. It offers peace of mind during a difficult period.
3. Flexibility: You have the freedom to use the insurance proceeds as you see fit, whether it's for medical treatments not covered by health insurance, travel for specialized care, or maintaining your family's financial stability.
4. No Waiting: Unlike disability insurance, which may have a waiting period, critical illness insurance typically pays out soon after diagnosis, ensuring you get the support you need promptly.
5. A critical illness payout is the only life insurance money that the insured can receive in their hands to spend.  

Why Choose M.S. Insurance?

Choosing the right life insurance policy is a significant decision, and we are here to make it easier for you.  Through a personalized consultation, we assess your specific requirements and financial situation.  Next, your needs will be tailored to the right product(s).  This process is followed by our research, mainly guided by our access to a multitude of experienced life insurance agents and business owners, as well as through LifeGuide® - an insurance research tool that enables financial institutions, brokers, advisors, agents, & lawyers to make informed insurance-related choices through analysis, comparison and research.

Critical illness insurance is a safety net that provides financial relief right when you're facing a severe medical condition. It's an essential component of your overall financial protection plan, ensuring your focus on recovery without worrying about the financial burden. Consider booking a consultation or leaving a message on our home page to determine if critical illness coverage is right for you and your family.