What would be your first concern?
If you were diagnosed with a critical illness such as cancer – what would be your first concern?
Recovery and treatment I am sure would be most people’s first concern, and having critical illness insurance can take the stress of worry about money away so you can.
This insurance pays out a tax free lump sum amount upon diagnosis of as many as 25 illnesses, including cancer, heart attack, stroke and multiple sclerosis.
There are different levels of critical illness insurance, and the one you decide on depends on how much you can afford. Having basic coverage will usually cover five or six conditions, while comprehensive coverage will cover all of the illnesses the insurance company has to offer.
Being approved for Critical Illness insurance can sometimes be difficult. It often depends on your health, or the history of your family’s health.
Some companies offer it to everyone, regardless of your current health, or your family history. There are no medical questions asked. There are limited benefits and coverage limits (up to $25,000) with these type of policies – but I always say that something is better than nothing – just ask anyone who has suffered a critical illness if they could have used an extra $10,000?
Suffering a critical illness is becoming more common than you think.
THIS YEAR ALONE:
150,000 Canadians will suffer a heart attack
145,500 Canadians will be diagnosed with cancer
50,000 Canadians will have a stroke
Some other Statistics to keep in mind…
1 in 20 Canadians will run the risk of having a stroke before age 70
60% of the 50,000 strokes each year are suffered by women
1 in 4 men will have had a stroke, heart attack or cancer before age 65
Every day 3 more Canadians are diagnosed with MS
And surviving a critical illness is more common than you think.
80% of hospitalized heart attack patients survive, 80% of stroke patients survive the initial event and most people diagnosed with MS are expected to live a normal lifespan – but define ‘normal’.
For more information go to www.molchanfinancial.com
If I had more time and money – I would…
As you go through the rest of this month, think about how you would complete this sentence:
“If I had plenty of free time and all the money I could ever want, then I would be free to _(action)_and that would let me experience more _(value)_.
Do this exercise over and over to help you identify the aspects of your life that you value most. Keep track of your answers… they’re the roadmap to your life!
Nowadays we have the great fortune of stepping beyond living a life that meets our basic needs to living a life of extraordinary satisfaction and fulfillment – my question to you…Do you dare to?
I double dare you!