Cancer! This word that upsets a life and that of loved ones. How to be reassured before this terrible Cancer insurance
disease? Among others, is insured. Indeed, some of your worries will be eliminated if you have critical illness insurance.
Who says cancer, says a serious illness
Every year, hundreds of thousands of Canadians are victims of serious illnesses, such as cancer. Thanks to the advancement of medical research, the majority of these people are experiencing a beneficial remission. However, recovery is often long and costly. This is where critical illness insurance becomes important.
Who can make sure?
Anyone who is 14 days old is eligible for critical illness life insurance. As you know, cancer has nothing to do with age, although many still think that only older people have it. By taking out critical illness insurance, including cancer, you are giving yourself the opportunity to choose now how you will live financially if the disease occurs. The truth is as mentioned in this article: What can happen if you lie to your insurer? Note in this regard that financial institutions take hereditary diseases into account.
As independent insurance brokers:
we will know how to inform you. Contact us now to learn more. Our information specialists will respond by email or phone. We will submit a free quote corresponding to your specific needs, without commitment on your part. We are at your service at all times.
Why make sure?
That being said, it is up to everyone to decide whether to insure or not. This choice already implies thinking about the future … to sleep peacefully!
It applies quite well in the case of critical illness insurance, including cancer. This contract should not be taken lightly. You must know exactly what you are doing. Never assume that all serious illnesses are covered. Take the time to read what your contract specifies as a critical illness, the stage of the illness and the nature of the illness.
In addition, be aware that your contract will take effect 30 days after the signature and no, immediately. Some companies mention 90 days of survival to the disease in order to receive the payment of premiums. If you die before this period, no payment will be made because it is critical illness insurance and not life insurance.
What types of cancer are insured?
Most cancers can be insured. But beware, different stages of cancer are not covered. In addition, some financial institutions limit their coverage to a specific number of critical illnesses and cancers. Be vigilant and read your contract well.
What is the cost of Cancer insurance?
Since there are many factors to consider in determining the cost of critical illness insurance, including cancer, it is difficult to give a specific amount. Among others, the following are taken into account: your age and the type of critical illness contract. Other data is also to be verified. For example, is it a renewal of 10-year bonuses? On this subject, it should be known that the more the renewal is stretched over time, the more it becomes obvious that the premium will be high. Will you be able to pay when you might need it the most? Pay attention also to premium refund offers in 40 years. Do you honestly believe in keeping and paying for 40 years? It’s a think-good!
All these questions and many more can be evaluated by consulting our professionals. They alone are able to guide you in critical illness insurance, including cancer. Do not hesitate, contact us now.