Critical Illness Insurance
Adjusting to the times
With a dramatic rise in things such as cancer, Canadians are facing a number of threats to their health prior to retirement. Through Critical Illness Insurance, you can help to address the financial concerns that these illnesses cause for your staff.
According to recent statistics, Canadians are 10 times more likely to be unable to work due to a critical illness than to die before the age of 65. Most of us do not realize that critical illnesses are affecting people in the prime of their working lives.
In fact, It is estimated that one in two heart attack victims is under the age of 65. As well, the incidence of cancer has risen dramatically, with a new case of cancer diagnosed every four minutes. As alarming as these statistics may appear, advances in medicine have produced a great number of survivors who do make full recoveries. However, although many of these people survive physically, the financial outcome of a critical illness may reach beyond their available resources.
Luckily, one of the main benefits of having Critical Illness Insurance is that when a critical illness is diagnosed, an employee may receive a lump-sum to use whichever way they need to. Here at Drover Financial, we know how much of a difference this financial boost can make, and that’s why we offer separate coverage for Critical Illness Insurance.
For more information, please contact us to discuss how Critical Illness Insurance could help to cover your employees in case of the unexpected.