There are certain limitations to Critical Illness insurance. Some variants of cancer may be excluded, and if a condition recurs, or in case of a repeat condition, the client may not be eligible for compensation. Critical Illness policies may also have term limits, (10 years, 20 years, etc.) When the policy reaches the end of its particular term limit, a return of all premiums may be paid. As with any other type of insurance, make sure to read the policy thoroughly. The last thing on your mind during these difficult times should be wondering if it will pay out. Your Assurance agent will help you determine the best policy and help make it clear what it does and does not cover. This way in an emergency you would not have to worry about this.
Assurance Brokers Canada Founded in the year 2020 and based in Toronto, with associates spread across Canada and the USA, our mission is to build financial foundations for families, empowering them today and leaving a legacy for tomorrow.
If your analysis indicates a shortage, life insurance may be the ideal solution to address it.
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