Critical Illness Insurance
It offers help paying costs associated with life-altering illnesses. it is known as living benefits (covers a person while they are alive). This insurance is designed to provide coverage in case of a diagnosis of critical illness that may cause a person to be unable to work. The coverage can be purchased for major illnesses like cancer, stroke, heart conditions, and more. It is designed to alleviate the financial stress of living with chronic illness.
Benefits to you
• You can receive a lump sum amount tax-free, which you can spend as you choose.
• Available in term and permanent insurance
• This insurance is beneficial for people of all ages and health statuses.
Long term care insurance
This insurance is designed to provide coverage to persons who may need assistance on regular basis. There is a wide range of coverage available. Below is an outline of such coverage:
• You will have the freedom to choose where you would like to receive assistance and care
• You will be covered to get professional assistance and care
• The benefits are tax-free
Your three choices for receiving care
a) Homecare: includes personal care, professional and skilled nursing, and meal preparation
b) Private long term care facility
c) Government Subsidized facility
There are many variations in the type of policies and coverages available.
It is important for you to fully understand all terms and conditions of an insurance policy. The above-mentioned information is for your knowledge and not meant to replace professional consultation. Our knowledgeable team can provide you with the necessary help to discuss and decide the product that would accommodate your needs. You can contact us directly at (647)–997–6512 or email us at [email protected]