Fundamentally, critical illness coverage is about helping to ensure you and your employees have the financial resources to survive a critical illness. By obtaining such coverage on a group basis, there are additional benefits.
Foremost is the ability to receive coverage without medical underwriting. The average age of your employees may present barriers to their obtaining coverage on an individual basis. For an individual, a medical assessment may preclude or restrict coverage, or incur a higher premium. On a group basis, however, coverage is guaranteed and the premium cost per person is considerably less than that of an individual CI policy.
Some Group CI plans in the marketplace are portable. Employees who leave your firm may continue their coverage - and retain the group-discounted premium - up to age 70.
Critical illness is a valuable complement to a company's existing Disability Insurance coTo learn about the best Group Critical Illness Plan in today's marketplace with updated comparisons to all the carriers plans in the marketplace visit: VitalCheque
A lump-sum payment can help a person cope - physically, financially and emotionally - with a major illness. Beyond reducing stress and anxiety, critical illness coverage can help to pay for treatments not covered by or readily available through the public health-care system. It can also:- Pay for out-of-country or experimental treatments
- Cover mortgage or loan payments
- Address workspace and/or living modifications
- Cover a recovery vacation
The need for a critical illness benefit plan is real. One in three Canadians will develop some form of life-threatening cancer, one in four will contract some form of heart disease, and one in four will suffer kidney disease. As shortages of acute-care beds, nurses and state-of-the-art medical equipment continue to lead to waiting lists and patients in hospital corridors, the ability to seek life-saving solutions outside the public heath-care system will depend increasingly on an individuals ability to pay. form of life-threatening cancer, one in four will contract some form of heart disease, and one in four will suffer kidney disease. As shortages of acute-care beds, nurses and state-of-the-art medical equipment continue to lead to waiting lists and patients in hospital corridors, the ability to seek life-saving solutions outside the public heath-care system will depend increasingly on an individuals ability to pay.
Selecting the right program means finding a provider able to deliver benefits tailored to fit the needs of your employees. Your Horizon Planning Employee Benefits Specialist will help you plan the best, all-inclusive, no-hassles solution. In the meantime, learn more about the best Group Critical Illness Plan in today's marketplace with updated comparisons to all the carriers plans in the marketplace visit: VitalCheque