A critical illness coverage plan for children affords quality protection to help provide families with the financial resources to support the recovery and care of a child in the event of a critical condition and help ensure the child’s future insurability.
Critical illness insurance can help reduce financial stresses at a critical time in your life, and can complement disability and life insurance protection needs. It offers you and your family – as well as your business – the financial resources to help pay for additional expenses often associated with a critical illness or condition.
Ask yourself this: Would you be able to keep your finances on track if you have to pay medical expenses or have reduced income? If you’re worried you can’t, then you may want to consider getting critical illness insurance to help protect yourself and your family.
We can help you determine if critical illness insurance fits into your financial security plan. Contact us today to find out more about critical illness insurance.
1There are no specific income tax laws for critical illness insurance. Based on current tax laws, we believe any cash benefit from critical illness insurance will not presently be taxed when the policy is owned by an individual and the benefit is payable to an individual.
2 If you are diagnosed with one of the covered conditions and survive the designated survival period from the date of diagnosis, you’ll receive a lump-sum payment once your claim is approved. No benefit is payable for a recurrence or metastasis of an original cancer that was diagnosed before the policy date. No benefit is payable for non-life threatening cancers. Full details will be listed in your policy contract.
3 Diagnosis of a critical illness must occur after the effective date of coverage and you must complete a survival period (most commonly 30 days).
We can help you protect your most important asset.
Insurance is the foundation of a complete financial plan.
Financial security planning is about more than saving money.