Cri.ti.cal Ill.ness In.sur.ance
/krit-i-kuhl, ˈilnəs, SHo͝orəns/
Provides financial protection to individuals in the event they are diagnosed with a severe and specified medical condition. Unlike traditional health insurance, which covers medical expenses, critical illness insurance pays out a lump sum benefit to the policyholder upon diagnosis of a qualifying condition, regardless of whether they have incurred medical bills.
How Critical Illness Affects Canadians
Lee, S. (2023). Cancer statistics at a glance. Canadian Cancer Society. https://cancer.ca/en/research/cancer-statistics/cancer-statistics-at-a-glance
2 in 5 Canadians (44% of men and 43% of women)
are expected to develop cancer during their lifetime.
Benefits of Critical Illness Insurance
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The benefits you receive are not taxable
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You do not need to justify how you spend the money—you can use it as you see fit
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It helps you cover additional expenses caused by the illness (medications, adapted equipment, experimental treatments not covered by public health insurance, rehabilitation costs and other private medical expenses)
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It helps you cover your financial commitments if you experience a decrease or loss of income
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You can use the money to provide some financial flexibility as you recover so that you can work part time or extend your sick leave to take some time for yourself
You need Critical illness insurance if anyone relies on your income (hint: that includes you too).
Severe illness causes time away from work and out-of-pocket expensive not covered by provincial health insurance.
What We Bring To The Table....
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25 Illnesses
Covered
According to The Canadian
Cancer Society, the top three leading illnesses are Cancer, Heart disease and Stroke (cerebrovascular accident).
We got you covered on all the major illness and then some!
Extensive Coverage Options
Coverage amount ranges from 25,000 to 3,000,000 dollars
Thats at the minimum 25,000 lump-sum, to make sure protected in case of an illness.
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Top 20 Providers
Having access to the top 20 providers ensures that TLFG can secure the best prices for its clients. This extensive network allows us to compare multiple options, and tailor your coverage to your individual needs, ensuring the best value in insurance coverage.