Critical Illness Insurance

cirtical-illness-mason-financial-services-sooke-victoria-bc-canada Critical Illness Insurance covers such conditions as heart attacks, strokes and life threatening cancer and can significantly lessen the financial burden this has placed not only on the inflicted individual, but also on their families.

The statistics are staggering:

  • 1 in 2 men and 1 in 3 women are predicted to develop heart disease in their lifetime
  • There are 40,000 to 50,000 strokes in Canada each year

During their lifetime:

  • 1 in 2.3 men and 1 in 2.6 women living in Canada will develop cancer
  • 1 in 9 women will develop breast cancer
  • 1 in 12 Canadians will develop lung cancer
  • 145,500 new cancer cases were estimated to occur in Canada in 2004
  • An estimated 50,000 Canadians, twice as many women as men, have Multiple Sclerosis

Surviving a critical illness or condition is also more likely than you may think:

  • 80% of hospitalized heart attack patients survive — the percentage is higher for those with their first heart attack, and lower for those with recurrent heart attacks
  • 80% of stroke patients survive the initial event

How do you help ensure you have the financial resources available to look after yourself and your family if you are stricken with a critical illness?

Critical illness insurance can provide you with a lump sum benefit at a critical time in your life. Use this benefit any way you wish – seek timely treatment outside Canada, or inside Canada in a private clinic, purchase special equipment, modify your home, arrange child care or domestic help or pay down your mortgage. Other conditions covered may include:

  • Alzheimer’s Disease
  • Aortic Surgery
  • Benign Brain Tumor
  • Blindness
  • Coma
  • Coronary Artery Bypass
  • Deafness
  • Heart Valve Replacement
  • Kidney Failure
  • Loss of Independent Existence
  • Loss of Limbs
  • Loss of Speech
  • Major Organ Transplant
  • Motor Neuron Disease
  • Multiple Sclerosis
  • Occupational HIV Infection
  • Paralysis
  • Parkinson’s Disease
  • Severe Burns