Critical Insurance

How Critical Illness Insurance Protects Your Dreams

• Tax-free insurance
• Increasing prevalence of critical illnesses
• Financial safety in the face of severe medical emergencies
• Reduced financial burden leads to lower stress levels.
• Access to medical expert opinions and treatment options
• Emotional support through counseling, diet consultations, legal and financial guidance, etc.
• Avoidance of depleting savings bonds or RRSPs
• Assistance in evaluating income and potential expenditures during treatment and recovery.
• Lifetime coverage is provided by the policy.
• Premium returns are possible if benefits are not utilized in 10 years, leading to policy expiration.
• Flexibility to use the amount as needed, whether for medical bills, mortgages, or other financial needs

Critical Illness Insurance Premium Calculation:

Selecting the most suitable Critical Illness Insurance plan in Canada requires careful consideration of various factors:

• Family critical illness history
• Loss of income due to necessary leaves from work during treatment and recovery
• Additional expenses like travel costs, existing debts, mandatory expenses, etc.
• Calculation of potential liabilities shortly

How Critical Illness Insurance Works:

1. Choose the desired coverage level.
2. Pay the corresponding premium.
3. Proceed to claim if diagnosed with a covered critical illness.
4. The period for payment release depends on the patient’s condition.

Star Financials Insurance is a renowned insurance broker in Canada, offering expert advice on various insurance plans. Our experts assist in conducting a needs analysis and selecting coverage tailored to individual requirements. Our commitment is to provide sound financial guidance at a reasonable cost.