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I want to know my family and I are taken care of, should I become ill
Surviving a critical illness is challenging
Few of us want to contemplate the reality of being diagnosed with a serious illness. Even fewer of us have likely given any thought to how we'd cope emotionally or financially.
While the chances of surviving a critical illness improve daily with medical advances, you may want to consider that:
- An estimated 70,000 heart attacks strike Canadians every year1.
- Canadians suffer from more than 50,000 strokes per year1.
- On average, 3,300 Canadians will be diagnosed with cancer every week2.
If you were to fall ill, during your recovery, you may end up having to pay for healthcare services, special drugs and supplements, and homecare expenses not covered by your government health insurance plan. You might even have to travel to get the medical attention you need.
Critical illness insurance plans provide that, upon the diagnosis of a covered illness, you'll qualify to receive a one-time lump sum payment. Typically, the amount is paid directly to you, to spend however you wish. This lessens financial worries and enables you to focus on your recovery.
1 Heart and Stroke Foundation (2009)
2 Canadian Cancer Society (2009)
Be aware of what the government covers
Critical illness insurance helps to protect you against the financial consequences of being diagnosed with a critical illness.
It pays a one-time lump-sum benefit that you can spend however you wish.
Consider critical illness insurance plans that offer a Return of Premium Option.
For example, with the CoverMe Critical Illness plan and the Return of Premium Option, Manulife Financial will reimburse all the premiums paid, up to $25,000, when you reach your 75th birthday and you have not made a claim!*
*Please note that this option is only available at the time of initial application.
Stay healthy with proper nutrition, regular exercise, good health and oral care.
Consider factors like service, accessibility and reputation when purchasing critical illness insurance,
for the peace-of-mind of knowing that you will be taken care of promptly, tomorrow and in the years to come.
Who should purchase the CoverMe™ Critical Illness Insurance plan?
The CoverMe Critical Illness insurance plan was designed for healthy individuals between the ages of 18 and 60 years, who want a basic amount of affordable critical illness coverage that can be obtained quickly, easily and without completing a medical questionnaire.
What is meant by "signs and/or symptoms" of heart disease?
"Signs and/or symptoms" of heart disease may include (but are not limited to) chest pain, chest discomfort possibly radiating to arms, neck or jaw, irregular heart rate, shortness of breath, cold sweats, nausea or lightheadedness. However, these symptoms could be caused by conditions other than heart disease.
Am I eligible for CoverMe Critical Illness Insurance coverage if I have had a history of high blood pressure?
Yes. However, if you have had an abnormal ECG or been diagnosed with or experienced symptoms of coronary artery disease, heart attack, stroke, TIA or heart surgery, you are unfortunately not eligible for CoverMe Critical Illness coverage.
Am I eligible for CoverMe Critical Illness Insurance coverage if I have a history of elevated cholesterol or triglycerides?
Yes. However, if you have had an abnormal ECG or been diagnosed with or experienced symptoms of coronary artery disease, heart attack, stroke, TIA or heart surgery, you are unfortunately not eligible for CoverMe Critical Illness coverage.
What Others Have Chosen
CoverMe™ Critical Illness Insurance Plan
Critical illness insurance plans provide that, upon the diagnosis of a covered illness, you'll qualify to receive a $25,000 one-time lump sum payment. The CoverMe Critical Illness plan covers five of the most common critical illnesses and conditions — Cancer, Heart Attack, Stroke, Coronary Bypass surgery and Aortic surgery. It is renewable up to age 75, regardless of any future changes in your health, and includes a Return of Premium Option. Best of all, completion of a medical questionnaire is not required — a statement of your good health is all that is needed.
