CRITICAL ILLNESS INSURANCE
CRITICAL ILLNESS INSURANCE
This coverage pays a lump sum, 30 days after the diagnosis, that can cover your medical expenses, mortgage payments, unpaid leave, a caregiver, your long-term care, etc., to focus on your complete recovery. Every human can have a serious illness. According to the most recent statistics:
49% of men and 45% of women will be diagnosed with cancer during their lifetime *
9 out of 10 Canadians live with at least one risk factor for heart disease or stroke **
*Canadian Cancer Statistics publication, 2017
**Heart and Stroke Foundation, 2017
Today, thanks to advances in medicine, the chances of surviving such diseases are better than ever, but in the event of a heart attack, cancer, stroke or other dreaded health problem, amount paid is non-taxable whether or not you are able to work.
The insurance we offer covers CANCER and 5 to 25 additional health problems for adults and 37 for children. Do not let the money hurt your recovery. This financial cushion allows you to reduce your stress during your treatments and, thus, to focus entirely on your recovery. You can use this amount, as you wish, for example:
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Get medical care faster in private or in another country or health services, including psychological counseling, physiotherapy and occupational therapy
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Compensate for the shortfall between your disability insurance coverage and your regular income
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Cover the loss of income of your spouse or a loved one who will be absent to be at your side
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Protect your savings and your standard of living
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Have the ability to pay for additional expenses such as transportation to the hospital, parking, house maintenance, home adaptations, raising the hospital room, child care, etc.
There are several types of critical illness insurance (or dreaded health problems):
INSURANCE
SERIOUS ILLNESS:
TEMPORARY CRITICAL ILLNESS INSURANCE
PERMANENT CRITICAL ILLNESS INSURANCE
CRITICAL ILLNESS INSURANCE FOR CHILDREN
Temporary critical illness insurance provides protection that is limited in time, in the event of a diagnosis of any of the covered health problems.
You can purchase temporary critical illness insurance for a fixed period of 10 years, 20 years or until the age of 65, 75 or 90 years. Before the age of 65, you will be able to renew the contract without medical examinations or convert all or part of it into permanent critical illness insurance.
Generally, temporary protections, those that last 10 or 20 years are useful to protect the standard of living of a family. Protections that protect your finances up to age 65, 75 or 90 are useful for protecting your family, your retirement savings and even your retirement income, all at the same time. Some options can be added to most contracts, for example you can add:
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a refund of premiums at death
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a refund of premiums upon termination
Permanent Critical Illness Insurance provides a coverage that meets your long-term financial security needs and will support you throughout your life if you are diagnosed with a health problem that is covered.
You may decide to pay the fixed premiums for a period of 10 years, 20 years or until the age of 100 years.
The amount of insurance or capital is also guaranteed. This protection is useful for simultaneously protecting your family and your retirement savings.
You have the choice to add an additional option that refunds loved ones for all the premiums you paid upon death
Although children are unlikely to suffer from a dreaded disease or health problem, there are too many of them in the hospitals. It goes without saying that parents are committed to the full recovery of their child, with financial consequences such as significant income losses, expensive drugs not covered by the public health system, catch-up school, etc.
The premium refund option, unlike the one available with most contracts, does not require the cancellation of the contract, so you can think about it in terms of reducing the premium over time, to fund a special trip with the whole family, to fund your child’s education, to invest more in an RESP, etc.
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• COMMENT CHOISIR UN CONTRAT? / HOW TO CHOOSE A CONTRACT?Si vous avez des doutes, ne vous inquiétez pas, notre conseiller en assurances de personnes vous accompagnera dans ce choix pour valider sa pertinence, le type, la durée de la protection et un prix très compétitif ; Toutes les nuances, parmi tous les types de contrats pertinents, seront expliquées par notre conseiller en ligne ; La durée de vos protections sera harmonisée avec vos objectifs par notre conseiller ; Par exemple, si votre objectif est de protéger la valeur de votre maison, alors une assurance temporaire d’une durée de 25 ans qui couvre le montant de l’hypothèque sera un choix approprié Par exemple, si votre objectif est de laisser un héritage à vos enfants et que vous avez des liquidités qui dépassent les besoins de votre budget et de votre CELI, une assurance vie universelle (permanente) sera un choix approprié Par exemple, si votre objectif est de protéger la valeur de votre maison et que vous souscrivez un contrat d’assurance vie universelle (permanente), à moins que vous soyez très âgé et fortuné, il y a une dissonance entre votre objectif et le type d’assurance vie proposé 3. Le conseiller dirigera votre demande vers la compagnie d’assurance qui est le plus susceptible d’accepter votre profil de santé et le capital de protection que vous demandez. / (English) If you have doubts, do not worry, our insurance advisor will accompany you in this choice to validate its relevance, type, duration of protection and a very competitive price; All nuances, among all types of relevant contracts, will be explained by our online advisor; The duration of your protections will be harmonized with your objectives by our advisor; For example, if your goal is to protect the value of your home, then a 25-year term insurance that covers the mortgage amount will be an appropriate choice For example, if your goal is to leave an inheritance to your children and you have cash that exceeds the needs of your budget and your TFSA, universal (permanent) life insurance will be an appropriate choice. For example, if your goal is to protect the value of your home and you purchase a universal (permanent) life insurance policy, unless you are very old and wealthy, there is a dissonance between your goal and the type proposed life insurance 3. The advisor will direct your application to the insurance company that is most likely to accept your health profile and the protective capital you request.
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• COMMENT ANNULER UN CONTRAT D'ASSURANCE ? / HOW TO CANCEL AN INSURANCE CONTRACT?Dans tous les cas, peu importe la compagnie ou l’institution qui l’offre, la résiliation d’une assurance est gratuite. Annuler un contrat comporte des risques : Dans le cas d’une assurance bancaire, il suffit d’aller à votre institution financière prêteuse pour signer une décharge de responsabilité qui confirme votre demande de résiliation. Prenez garde de résilier votre contrat uniquement si vous en avez un autre qui le remplace et qui est en vigueur ou si votre besoin de protection financière n’existe plus. Si votre contrat est une assurance individuelle, comme une assurance vie, une assurance salaire ou maladie grave, etc., votre conseiller doit remplir et vous présenter un préavis de remplacement qui identifie tous les avantages et désavantages de votre contrat actuel et celui qu’il vous propose. Seulement une fois que le nouvel assureur aura accepté votre demande ou votre proposition d’assurance, que vous pourrez faire parvenir une lettre qui demande la résiliation de votre ancien contrat sans qu’un risque financier vous surprenne ! / (English) In any case, no matter which company or institution offers it, the termination of an insurance is free. To cancel a contract entails risks: In the case of a bank insurance, simply go to your lending financial institution to sign a waiver of liability that confirms your request for termination. Be careful to terminate your contract only if you have one that replaces it and is in effect or if your need for financial protection no longer exists. If your policy is an individual insurance, such as life insurance, salary or critical illness insurance, etc., your advisor must complete and provide you with a replacement notice that identifies all the advantages and disadvantages of your current contract and the one offer you. Only once the new insurer has accepted your application or your insurance proposal, you can send a letter asking for the cancellation of your old contract without a financial risk surprises you!
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• TOUS À PROPOS DE REFUS ? / ALL ABOUT REFUSAL?Il faut savoir que les compagnies d’assurances ont créé une institution qui s’appelle : Medical Information Bureau (MIB). Le MIB recueille toutes les informations qui ont été soumises lorsque vous avez rempli des propositions ou des demandes d’assurances au cours de votre vie. Cette base de données est consultée par tous les assureurs au Canada, afin de valider votre bonne foi et vos omissions, qu’elles soient involontaires ou volontaires. Normalement, les compagnies d’assurances vont étudier les réponses aux questions qu’elles vous auront demandées, le MIB et possiblement les résultats de tests paramédicaux pour soit émettre une : Acceptation au taux non-fumeurs ou privilégié, Acceptation au taux fumeurs ou régulier, Acceptation avec exclusion, Acceptation avec surprime, Refus. Le degré de risque, que votre profil de santé représente pour eux, varie d’un assureur à l’autre et c’est ce risque qui détermine largement la prime de votre police d’assurance. Selon son expérience et les ententes de courtages qu’il détient avec différents assureurs, votre conseiller devrait diriger votre demande vers un assureur qui est peu ou pas susceptible de vous refuser, du moins selon les réponses aux questions qui font partie de votre demande d’assurance. Gardez en tête que c’est difficile de prédire les résultats des tests paramédicaux, mais ils sont parfaitement évitables, tout comme l’investigation au MIB, en optant pour les assurances sans examens médicaux. Si vous avez déjà un refus qui a été enregistré au MIB, ne vous inquiétez pas, contacter Assurance En Ligne et nous vous trouverons des solutions, c’est promis. / (English) You have to know that the insurance companies have created an institution called: Medical Information Bureau (MIB). The MIB collects all the information that was submitted when you completed insurance applications or requests during your lifetime. This database is consulted by all insurers in Canada to validate your good faith and your omissions, whether involuntary or voluntary. Normally, insurance companies will study the answers to the questions they have asked you, the MIB and possibly the results of paramedical tests to either issue a: Acceptance at the non-smoking or privileged rate, Acceptance at the smoking or regular rate, Acceptance with exclusion, Acceptance with premium, Refusal. The degree of risk that your health profile represents for them varies from one insurer to another and it is this risk that largely determines the premium of your insurance policy. Based on his experience and the brokerage arrangements he has with different insurers, your advisor should direct your claim to an insurer that is unlikely or unlikely to refuse you, at least according to the answers to the questions that form part of your claim. insurance. Keep in mind that it is difficult to predict the results of paramedical tests, but they are perfectly avoidable, as the investigation at the MIB, opting for insurance without medical examinations. If you already have a refusal that has been registered at the MIB, do not worry, contact Online Insurance and we will find solutions, it is promised.
CRITICAL ILLNESS INSURANCE FOR A CORPORATION
For the shareholders!
If you want to shelter your business from the impact of your absence resulting from a sudden health problem such as a heart attack or a disease such as cancer … there is an insurance concept that you may hold in co-ownership with your company and that offers you and your company a financial protection against the disastrous consequences of 26 critical illnesses (it also includes long-term care).
The idea is to let you concentrate on your recovery, without fear of losing your business. In the event of diagnosis of one of the covered critical illnesses, your business will receive a lump-sum payment to:
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Quickly hire a qualified person to replace you during your long absence
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Repay debts and reduce your financial obligations
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Protect the value of your business and retain your employees
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Stay in control of your interests
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Protect your assets
So, if you are suffering from a serious illness or if you die, your company will receive the applicable benefit (the projected protection capital or coverage), if you are healthy until the end of the contract, you will be able to claim the health benefit, which corresponds to a 100% refund of the premiums, paid by your company and yourself, over the years!
Whatever happens, you become ill or stay healthy, you or your company will receive a substantial sum. This means that you share not only the cost of your insurance with your company, but also the tax advantages.
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• COMMENT CHOISIR UN CONTRAT? / HOW TO CHOOSE A CONTRACT?Si vous avez des doutes, ne vous inquiétez pas, notre conseiller en assurances de personnes vous accompagnera dans ce choix pour valider sa pertinence, le type, la durée de la protection et un prix très compétitif ; Toutes les nuances, parmi tous les types de contrats pertinents, seront expliquées par notre conseiller en ligne ; La durée de vos protections sera harmonisée avec vos objectifs par notre conseiller ; Par exemple, si votre objectif est de protéger la valeur de votre maison, alors une assurance temporaire d’une durée de 25 ans qui couvre le montant de l’hypothèque sera un choix approprié Par exemple, si votre objectif est de laisser un héritage à vos enfants et que vous avez des liquidités qui dépassent les besoins de votre budget et de votre CELI, une assurance vie universelle (permanente) sera un choix approprié Par exemple, si votre objectif est de protéger la valeur de votre maison et que vous souscrivez un contrat d’assurance vie universelle (permanente), à moins que vous soyez très âgé et fortuné, il y a une dissonance entre votre objectif et le type d’assurance vie proposé 3. Le conseiller dirigera votre demande vers la compagnie d’assurance qui est le plus susceptible d’accepter votre profil de santé et le capital de protection que vous demandez. / (English) If you have doubts, do not worry, our insurance advisor will accompany you in this choice to validate its relevance, type, duration of protection and a very competitive price; All nuances, among all types of relevant contracts, will be explained by our online advisor; The duration of your protections will be harmonized with your objectives by our advisor; For example, if your goal is to protect the value of your home, then a 25-year term insurance that covers the mortgage amount will be an appropriate choice For example, if your goal is to leave an inheritance to your children and you have cash that exceeds the needs of your budget and your TFSA, universal (permanent) life insurance will be an appropriate choice. For example, if your goal is to protect the value of your home and you purchase a universal (permanent) life insurance policy, unless you are very old and wealthy, there is a dissonance between your goal and the type proposed life insurance 3. The advisor will direct your application to the insurance company that is most likely to accept your health profile and the protective capital you request.
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• COMMENT ANNULER UN CONTRAT D'ASSURANCE ? / HOW TO CANCEL AN INSURANCE CONTRACT?Dans tous les cas, peu importe la compagnie ou l’institution qui l’offre, la résiliation d’une assurance est gratuite. Annuler un contrat comporte des risques : Dans le cas d’une assurance bancaire, il suffit d’aller à votre institution financière prêteuse pour signer une décharge de responsabilité qui confirme votre demande de résiliation. Prenez garde de résilier votre contrat uniquement si vous en avez un autre qui le remplace et qui est en vigueur ou si votre besoin de protection financière n’existe plus. Si votre contrat est une assurance individuelle, comme une assurance vie, une assurance salaire ou maladie grave, etc., votre conseiller doit remplir et vous présenter un préavis de remplacement qui identifie tous les avantages et désavantages de votre contrat actuel et celui qu’il vous propose. Seulement une fois que le nouvel assureur aura accepté votre demande ou votre proposition d’assurance, que vous pourrez faire parvenir une lettre qui demande la résiliation de votre ancien contrat sans qu’un risque financier vous surprenne ! / (English) In any case, no matter which company or institution offers it, the termination of an insurance is free. To cancel a contract entails risks: In the case of a bank insurance, simply go to your lending financial institution to sign a waiver of liability that confirms your request for termination. Be careful to terminate your contract only if you have one that replaces it and is in effect or if your need for financial protection no longer exists. If your policy is an individual insurance, such as life insurance, salary or critical illness insurance, etc., your advisor must complete and provide you with a replacement notice that identifies all the advantages and disadvantages of your current contract and the one offer you. Only once the new insurer has accepted your application or your insurance proposal, you can send a letter asking for the cancellation of your old contract without a financial risk surprises you!
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• TOUS À PROPOS DE REFUS ? / ALL ABOUT REFUSAL?Il faut savoir que les compagnies d’assurances ont créé une institution qui s’appelle : Medical Information Bureau (MIB). Le MIB recueille toutes les informations qui ont été soumises lorsque vous avez rempli des propositions ou des demandes d’assurances au cours de votre vie. Cette base de données est consultée par tous les assureurs au Canada, afin de valider votre bonne foi et vos omissions, qu’elles soient involontaires ou volontaires. Normalement, les compagnies d’assurances vont étudier les réponses aux questions qu’elles vous auront demandées, le MIB et possiblement les résultats de tests paramédicaux pour soit émettre une : Acceptation au taux non-fumeurs ou privilégié, Acceptation au taux fumeurs ou régulier, Acceptation avec exclusion, Acceptation avec surprime, Refus. Le degré de risque, que votre profil de santé représente pour eux, varie d’un assureur à l’autre et c’est ce risque qui détermine largement la prime de votre police d’assurance. Selon son expérience et les ententes de courtages qu’il détient avec différents assureurs, votre conseiller devrait diriger votre demande vers un assureur qui est peu ou pas susceptible de vous refuser, du moins selon les réponses aux questions qui font partie de votre demande d’assurance. Gardez en tête que c’est difficile de prédire les résultats des tests paramédicaux, mais ils sont parfaitement évitables, tout comme l’investigation au MIB, en optant pour les assurances sans examens médicaux. Si vous avez déjà un refus qui a été enregistré au MIB, ne vous inquiétez pas, contacter Assurance En Ligne et nous vous trouverons des solutions, c’est promis. / (English) You have to know that the insurance companies have created an institution called: Medical Information Bureau (MIB). The MIB collects all the information that was submitted when you completed insurance applications or requests during your lifetime. This database is consulted by all insurers in Canada to validate your good faith and your omissions, whether involuntary or voluntary. Normally, insurance companies will study the answers to the questions they have asked you, the MIB and possibly the results of paramedical tests to either issue a: Acceptance at the non-smoking or privileged rate, Acceptance at the smoking or regular rate, Acceptance with exclusion, Acceptance with premium, Refusal. The degree of risk that your health profile represents for them varies from one insurer to another and it is this risk that largely determines the premium of your insurance policy. Based on his experience and the brokerage arrangements he has with different insurers, your advisor should direct your claim to an insurer that is unlikely or unlikely to refuse you, at least according to the answers to the questions that form part of your claim. insurance. Keep in mind that it is difficult to predict the results of paramedical tests, but they are perfectly avoidable, as the investigation at the MIB, opting for insurance without medical examinations. If you already have a refusal that has been registered at the MIB, do not worry, contact Online Insurance and we will find solutions, it is promised.
