What is a critical insurance? Do you need it? Read on to learn all about the benefits of owning a critical insurance.
In today’s era, anything can happen. Life is, unpredictable and being prepared is always the right choice.
But why a critical illness insurance?
A health insurance coverage is something most of us have already acquired. But most insurance plans don’t cover critical illnesses, and these illnesses can not only render you incapable of working but the treatments can also drain your finances and savings.
This is where a critical illness insurance need comes in. It provides a financial security to your family and can help you recover peacefully.
Benefits of critical illness insurance:
A critical illness insurance plan provides a replacement of income if you are diagnosed with any severe disease (as per list provided in policy). You get a lump sum amount to help you financially through your critical illness.
This amount can be used to pay off existing debt or daily household expenses. It can even be used to finance the treatment. This amount is paid to the policy holder within the days when he is diagnosed.
The biggest benefit that a critical insurance can provide is peace of mind. It is already stressful going through an illness that could potentially end your life or render you incapable of living your life the way you used to. But having the financial security from critical illness insurance is very useful and keeps your mind at ease.
How do you get critical insurance?
The first step in getting a critical insurance is understanding the kind of coverage you require. After a thorough discussion with your advisor, you can understand what illnesses are most important to cover. However, it is usually best to get a plan which covers a wide range of illnesses.
Once you have decided on this, you can get in touch with an insurance advisor who will help you find a plan which works for your needs. They can help you determine how much coverage you require depending on your level of savings, age and current employment.
Buying a critical illness insurance is the best choice for most of us. The medical health coverage provided from the Canadian government, and the insurance plans provided by most companies do not cover critical illnesses. Having an extra safety net always works out for the best.
Get in touch with Super Visa Insurance Canada to get the best Critical Illness Insurance plan for you!