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Critical Illness Insurance

 

Critical Illness Insurance

Critical Illness Insurance is a plan contracted with a life insurer typically to make a lump sum cash payment if a policyholder is diagnosed with one of the critical illnesses listed in the insurance policy.

These policies can cover serious illnesses that can cause loss of independence, such as the main health threats of cancer, heart attack, and stroke. As well many more illnesses, the list of which we can provide as we go over the insurance planning with you.

The policy may also pay out regular income to a policyholder undergoing a surgical procedure, such as having a heart bypass operation.

The policy may require the policyholder to survive a minimum number of days from when the illness was first diagnosed (usually 30 days).

 

 

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DISCLOSURE

This website addresses many areas which are essential when considering one's overall financial picture. Networth Financial Corp. (NFC) is pleased to provide you with opportunities to invest in various Mutual Funds approved for BC, AB, MB & ON investors.

NFC is responsible only for business licensed under the Provincial Securities Act & Regulations. It does not supervise or review any other business. Our representatives conduct other business licensed under the Financial Institutions Act, which is the responsibility of another licensed entity, & not the responsibility of NFC.

The articles and information provided on this website are intended to raise issues and help you find solutions with appropriate professionals and should not be construed as advice for any specific situation or individual. Always consult your representative and your tax or legal professional if applicable before taking personal action


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