Critical Illness and Disability Insurance
Disability insurance functions as a consistent payment or lump sum, depending on the plan you choose. The idea of it is to supplement your income in the case of being unable to work. Some things Disability Insurance can provide are:
- Discounted rates for those who are newly graduated (if eligible)
- Protection up to age 65
- Disability coverage that stays even on leave- paternal/maternal or sabbatical
- In the event of a worsening condition, more insurance can be purchased- without medical evidence
- Discounted rates for those who are newly graduated (if eligible)
- Protection up to age 65
- Disability coverage that stays even on leave- paternal/maternal or sabbatical
- In the event of a worsening condition, more insurance can be purchased- without medical evidence
Critical illnesses include brain tumors, acquired brain injury, cancer, blindness, a coma, deafness, heart attacks, dementia, and more which you can read about in this guide by SunLife*. As with disability insurance, it functions in either a lump sum or consistent payment, depending on the plan you've chosen, and works to provide income replacement. Some positives in this plan include:
- Tax free, lump sum benefit if diagnosed with a critical illness*
- If you become totally disabled, we pay the premium
- Receive partial benefit (25% payout up to $50,000) in the event of a non-life threatening illness
- Protection that can cover you up to age 75
- 30-day money back guarantee
- Tax free, lump sum benefit if diagnosed with a critical illness*
- If you become totally disabled, we pay the premium
- Receive partial benefit (25% payout up to $50,000) in the event of a non-life threatening illness
- Protection that can cover you up to age 75
- 30-day money back guarantee
*critical illnesses are clearly defined by each seller of insurance. Not every insurance company considers the same illnesses to fit under their criteria. Contact us for more information on what we classify as critical illnesses.
