Critical Illness Coverage: Financial Peace of Mind When It Matters Most
A serious diagnosis changes everything. Even with advances in medicine and higher survival rates for conditions that were once life-threatening, the road to recovery often comes with unexpected costs that traditional health or disability benefits don’t cover. That’s where Critical Illness coverage steps in, offering a lump sum payout so you can focus on healing, not bills.
Every year in Canada, one in two people are diagnosed with cancer, seventy thousand heart attacks occur which is one every seven minutes, sixty two thousand Canadians suffer a stroke, and four thousand new cases of multiple sclerosis are diagnosed. Statistically you are more likely to experience a critical illness than to die before age seventy five. Surviving is only part of the challenge and managing the financial impact is the next.
Through the Chambers Plan, we can help you access Critical Illness coverage that offers up to fifty thousand dollars for employees, up to ten thousand dollars for spouses, and five thousand dollars for dependent children. Coverage includes thirty one adult conditions such as Alzheimer’s, heart attack, stroke, life threatening cancer, kidney failure, multiple sclerosis, major organ transplant and more. Dependent children are covered for sixteen conditions including congenital heart disease requiring surgery, type one diabetes, cystic fibrosis and spina bifida cystica.
The benefit is paid directly to you and is tax free under current Canadian law. There is no medical questionnaire, no receipts to submit, and no restrictions on how you use the money. Many of our clients use it to replace lost income during recovery, pay for out of pocket medical expenses or experimental treatments, cover mortgage or rent, fund travel to receive specialized care, or support a spouse taking time off work to provide care.
Your coverage also includes the Care Navigation Benefit which provides ten hours of professional healthcare consulting services at no cost upon diagnosis of a covered condition. This service helps patients and families understand their diagnosis and treatment options, coordinate care and avoid delays, navigate the healthcare system efficiently, and reduce stress during an overwhelming time.
At PCBi, we believe Critical Illness coverage is about more than money, it is about peace of mind. It is knowing that if life changes in an instant you will have the resources to adapt without jeopardizing your financial stability. If you are ready to protect yourself and your loved ones, we are here to help you find the right coverage for your needs.
Contact us today at info@pcbi.ca
