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Providing for yourself

What is Critical Illness?

This type of policy offers holders a lump sum payment upon being diagnosed with what is defined as "critical illness". The intent is to assist people in facing the financial challenges associated with the diagnosis, treatment and recovery from a life changing illness.

Critical illness Insurance is well established in Europe and becoming increasingly popular in North America as more people will experience a debilitating before they reach the age of 75 then will die by that age (Munch Re, 2000)

Critical Illness can have level premiums and the potential of getting 100% of the premiums back if there are no claims.