Critical Illness

Medical advancements have significantly improved an individual’s ability to survive a wide range of life-threatening diseases. Critical Illness insurance provides you with a lump sum, non-taxable cash payment in the event of certain common illnesses.  The premium is deductible to the employer and is taxable to the employee when employer paid. The benefit is non-taxable in the event of a claim.

Coverage

Each carrier has specific illnesses that they cover.  We have listed the most common illnesses below:

Heart attack
Stroke
Blindness
Major organ failure
Coronary artery bypass surgery
Coronary artery disease
Cancer – life threatening

Policy Proceeds

With this coverage you can use the policy’s proceeds as you wish.

When diagnosed with a serious illness, members are faced with additional expenses such as:

Home-care or house-keeping assistance
Out of country medical care (e.g. access U.S. health care system)
Purchase of medical apparatus
Home, cottage renovations or vehicle alterations
Vacation during recovery
Training towards a new career

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President, The Legacy Group

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Complete Brokerage Services Inc.

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Loney Financial Corporation

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Donnelly Advisors Group Inc.

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Trutina Financial

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Association of Yukon Communities

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Western Concord

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Trellis Seniors Services

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MAXIMUS Canada

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Carfra Lawton LLP Lawyers

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VP Human Resources