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What is Critical Illness Insurance?

Helpful Tips, Insurance

Posted by Empire Life

Oct 30, 2017 10:50:39 AM

A critical illness can happen to anyone at any time. Worrying about your finances is the last thing you need, should the unexpected happen.

To help, we have created an infographic that will help you get familiar with Critical Illness Insurance. Who is it for? How does it work? How much can it cost? Take a look at the infographic below to find out and connect with an advisor today!

Do you know someone who has suffered a critical illness?Unfortunately, many of us do. How prepared are you? While the risk of suffering from a critical illness can be high, thanks to today’s medical advancements, your chances of surviving are better than ever. However, the long road to recovery can be costly. Many unexpected costs, such as travel expenses or home modification, may not be covered by your provincial or private health plan.Critical Illness (CI) Insurance Solutions  CI insurance pays a lump sum benefit if you are diagnosed with a covered critical illness. Empire Life offers two great CI insurance solutions -- both available through our online and paper application processes -- that can help meet different needs: Empire Life CI Protect –  a simple & affordable option that covers the four most common critical illness conditions3. Empire Life CI Protect Plus – a comprehensive solution that covers 25 critical illness conditions and offers additional built-in benefits.Did you know…  Empire Life CI Protect offers highly competitive premium ratesTo learn more  Download our brochures or talk to your advisor about Empire Life CI insurance solution.Empire Life CI Protect Consumer BrochureEmpire Life CI Protect Plus Consumer BrochureDon’t have an advisor, no problem, we can connect you with one. Connect with an Advisor.

1 Canadian Cancer Statistics 2015, Canadian Cancer Society

2 2016 Estimation, Canadian Cancer Society

3 Munich Re 2016 Individual Insurance Survey

4 Monthly premium amount for CI Protect for coverage amount indicated, as a stand-alone plan as of April 24, 2017, is $16.38 for male (age 35 non-smoker) and $18.90 for a female (age 35, non-smoker) for the first 10 years.