Critical Illness

Who do you know in the past five years that has suffered a heart attack? A stroke? Been diagnosed with cancer?

The Facts*

• It is estimated that there are over 70,000 heart attacks in Canada each year.
• There are 40,000 - 50,000 strokes in Canada each year.
• An estimated 2,798 Canadians will be diagnosed with cancer every week.
• An estimated 50,000 Canadians have Multiple Sclerosis.
  
  

With today's advances in medicine, many people who suffer from a critical illness can expect to fully recover. Unfortunately, their financial security may be left in critical condition long after their bodies are healthy again.

Critical Illness Insurance has been generating significant interest in Canada and offers a solution to keeping your finances healthy through your illness. This coverage has experienced phenomenal growth in Britain in recent years and is intended to provide cash to rebuild financial security following a critical illness.

Critical illness insurance pays out based on the qualifying illness, such as life threatening cancer, major organ transplant, multiple sclerosis, blindness, deafness, kidney failure, stroke or heart attack. This insurance pays a lump sum after as few as 30 days, regardless of earned income or employment status. These factors are unlike disability insurance, which pays a monthly percentage of earned income, only if you are unable to work. That means critical illness is ideal for homemakers or others who do not qualify for traditional disability insurance.

Don't get caught in the trap of being surprised by a critical illness and having to access your life cash value or RRSP savings. Life insurance cash values usually need to be repaid with interest to maintain the insurance benefit, and withdrawals on RRSPs are taxed and unable to grow tax-sheltered for retirement. Safeguard against the financial impact of critical illness, with critical illness insurance. Ask us for more information today!

* Sources - Heart and Stroke Foundation 2004; National Cancer Institute of Canada;Canadian Cancer Statistics 2004; Multiple Sclerosis Society of Canada 2004. These are provided for general information only.

To learn more about how Credential Financial Strategies can help you, simply contact any of the following Credential Financial Strategies representatives:

• Jenny Dennis 236.2435 or 866.242.2435
• Dani Wheeldon 445.0842
• Zenon Zemluk - 306.778.5220 or 800.213.4281
  
  

Any representative will be happy to work with you to design a financial plan that will meet your needs and goals.