Critical Illness Insurance

Critical illness insurance is a form of health insurance that provides a lump-sum payment should you become seriously ill, normally after you have survived the illness for 30 days from diagnosis. Coverage can have term rates of 10 or 20 years, rising at renewal, or level premiums to a specific age when the policy is terminated. Funds can be used for anything that you want: pay off debt, seek treatment, family vacation.

Although they differ from company to company, typical illnesses and diseases covered by critical illness insurance may include:

  • Cancer.
  • Heart attack.
  • Stroke.
  • Blindness.
  • Alzheimer's.
  • Multiple sclerosis.
  • Organ transplants.
  • Kidney failure.
  • Paralysis.

Coverage can also vary according to the degree of severity of, or conditions associated with, an illness or disease. For example, if you are diagnosed with a type of cancer that is treatable and that results in minimal "down time", you may not be eligible to make a claim.
Coverage cannot be purchased for a pre-existing condition or illness.

An insurance advisor will help you evaluate your personal needs and show you all of the features and benefits of a policy that will work best for you.

Credential Financial Strategies Inc. Contact Information:
Lloydminster Office: 1-306-825-8118
Kindersley Office: 1-306-463-5656


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