CII – Critical Illness Insurance

This is the scary one. Surviving a critical illness such as a heart attack, stroke or cancer is becoming more common with the advances in science and medical technology. But science and medical technology can kill us financially as governments, both federally and provincially do not have the funds to support us with the services and newly developed pharmaceuticals.

It is EXPENSIVE to get sick.

Having a tax free pool of money to support you or your family through a critical illness decreases the financial stress associated with the recovery process.

This stuff makes absolute sense for the single person and can save families from ripping into retirement savings or remortgaging the family home to get quick treatment.

Don’t depend on the government to pull you through an illness. The money isn’t there and if you don’t make a claim…you can get your premiums back. Brilliant eh!