Critical Illness Insurance

Brantford Critical Illness Insurance Services

****You can get a policy in which you can get your money back if you have no problem during specified period in policy.

History about Critical Insurance

Dr. Marius Barnard, of South Africa, developed Critical Illness Insurance in 1983. Dr. Barnard is the brother of Christian Barnard, the doctor who performed the first successful open heart transplant surgery.

Dr. Marius Barnard, also a cardiac surgeon, was acutely aware of both the financial and emotional toll that his heart surgery patients experienced. He saw a need for insurance that paid a "living benefit" to those who survived a major illness to:

  • offset lost income; and
  • Pay additional expenses.

Critical Illness Insurance will pay a lump sum tax-free benefit to the person insured upon the diagnosis of one of the critical illnesses covered by the policy. The benefit is intended to help insured persons maintain their quality of life and financial independence after suffering a life-threatening illness.

Critical Illness Insurance is not based on the inability to work or the death of the insured. Nor, does there need to be a specific expense that is incurred to qualify for the benefit.

Payment is made for critical insurance policy.

  1. Designed to pay a lump sum benefit
  2. When a person is diagnosed with a covered condition,
  3. Subject to a waiting period.

Followings is the list of illness may be covered by your policy, some companies cover all and some covers only heart attack, stroke, and cancer. If coverage is for less illness you pay less premium.

  • Alzheimer’s disease
  • Loss of independent existence
  • Angioplasty
  • Loss of limbs
  • Aortic surgery
  • Loss of speech
  • Benign brain tumor
  • Major organ transplant
  • Blindness
  • Motor neuron disease
  • Cancer
  • Multiple sclerosis
  • Coma
  • Occupational HIV infection
  • Coronary artery bypass surgery
  • Paralysis
  • Deafness
  • Parkinson’s disease
  • Ductal breast cancer
  • Renal failure
  • Early prostate cancer
  • Severe burns
  • Heart Attack
  • Stroke
  • Heart valve replacement
  • Superficial Malignant Melanoma
  • Heart transplant