Critical Illness:

News from 2010

Manulife Financial’s Critical Illness Switch Program

Manulife Financial has a unique Critical Illness Switch Program, which allows the insured to convert from a Term 10 Critical Illness plan to a Term 20, Term 75 or Term 100 plan. There are no medical tests or questions involved with the conversion. Rates are based on the insured's current age, but the premiums are based on the original plan rate if the policy is still within the first five policy years of the initial policy issue date. (more…)
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Critical Illness Policies for Women in Canada

Critical Illness insurance pays a lump sum if the insured is diagnosed with a critical illness, such as cancer. The number of illnesses considered critical can vary from carrier to carrier. The type of plan (Term or Permanent) along with plan riders -- such as a return-of-premium if the insured stays healthy -- can also influence the plan premium. The following is a snapshot of Level Term to Age 75 Critical Illness coverage at $250,000. Level Term to Age 75 means that the insured will ...
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Critical Illness Term to 75

The Ins and Outs of Critical Illness Term to 75. (Effective January 1, 2012, Standard Life will no longer sell individual life insurance and critical illness policies). Critical Illness Term to 75 coverage provides level premiums and pays out a Lump Sum Benefit should the insured be diagnosed with a listed Critical Illness and survive the waiting period under the policy. The plan has level premiums to 75, and depending on the carrier can have a variety of riders, including a return of ...
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How Critical Illness Insurance Can Help Those with Cancer

Critical Illness Insurance can cover expensive cancer drugs Cancer can be devastating not just because of the possibly fatal diagnosis, but also due to the often exorbitant costs of the medication used to treat it. Of course, medication is free in Canada as long as you stay in the hospital, but as soon as you are discharged the cost of the expensive medication reverts to you. According to CTV News, this is why the Canadian Cancer Society is calling for more coverage for what they term ...
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TD Insurance: Critical Illness Insurance

TD's Critical Illness plan only covers three illnesses. TD Insurance offers Critical Illness insurance to Canadian residents between the ages of 18 and 65 and has a TD Canada trust mortgage of line of credit. The plan covers three illnesses: 1. Cancer (life threatening). 2. Acute heart attack. 3. Stroke. (more…)
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ScotiaLife Financial’s Critical Illness Insurance

ScotiaLife Financialhas a Critical Illness plan, which pays a one time lump sum benefit following the first occurrence in diagnosis of one of the following: 1. Heart attack 2. Cancer 3. Stroke The policy is available to Scotia Bank group customers, ages 18 to 65, who reside in Canada. (more…)
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La Capitale’s Broader Access to Best Doctors

La Capitale offers extended access to Best Doctors. Best Doctors is a service that's often offered as part of countless Critical Illness insurance plans. It is a medical diagnosis and treatment consultation resource featuring an internationally recognized group of top specialists from within the country. They provide second opinions and advise on treatment plans to many Critical Illness sufferers in Canada. La Capitale sets itself apart by offering extended access to Best Doctors that ...
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Empire Life – Critical Illness Policy – 10 Facts to Consider

Empire Life's Critical Illness policy is called Vital Link. The policy is very competitively priced at most age levels and face amounts. The following are 10 features of the plan: 1. It's available throughout Canada. 2. It's available as a stand-alone policy, or as a rider on Empire's life insurance plans. 3. It's available for insured ages 18 to 65. 4. Face amounts can be anywhere from $25,000 to $2m. 5. The policy is available as a 10-year term, Term to 75, or a Term 100 ...
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The Need for Critical Illness Insurance

Most people have life insurance, but not many have critical illness insurance. This situation is quite understandable, since nobody wants to think they'll get cancer or any such life-threatening illness. Still, statistics may provide you with some food for thought on why this insurance is so important: in a single week, 3,340 Canadians are diagnosed with cancer. The illnesses most often covered by a critical illness insurance policy are heart attack, kidney failure, cancer and major ...
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Disability Insurance vs. Critical Illness Insurance

Disability insurance, also known as income replacement insurance, provides a monthly benefit to the insured if he or she become disabled and can no longer perform a normal day's work as per the definition of disability in the policy. Disability insurance definitions are generally broken down into the following three categories: (more…)
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