Disability and Critical Illness Insurance

We all get sick, right? Unfortunately the answer is yes, and whether you are a business owner or an employee, the consequences of an illness can be devastating. Disability and critical illness insurance are two ways of making the prospect of illness a little less daunting, but what is the difference between the two?

  • Critical illness coverage provides a lump sum payment in the event of a serious illness – even if you are still able to work. There are no restrictions on how the money is spent, so you are free to use it exactly as you need to – or as you wish!
    Coverage is available for both adults and children.
  • Disability insurance is a way to protect against loss of income in the event of serious illness or injury.

Consider the children’s story of the golden goose that laid golden eggs. You are the golden goose as it is only your ability to earn income that allows you to buy homes, cars, boats, recreational vehicles and properties etc. (your golden eggs). We all purchase insurance on our “golden eggs” but have you protected your ability to earn that income?
Disability and critical illness plans are available for both individuals and businesses, and we can help find the one best suited to your own needs.
CanadaLife is one of our many providers.Visit Canada Life Website