A serious illness can affect more than your physical health, but a critical illness insurance plan can help ease the financial burden.
Critical illness insurance is a type of health insurance that provides a lump sum payment to help cover lost earnings and medical treatments if you suffer a serious illness. Types of illnesses covered depend on your insurance plan.
Some employers include critical illness insurance as part of overall employment benefits. If you do not currently have coverage and would like critical illness insurance as part of your overall financial plan, speak to your financial advisor or an insurance professional. S/he can help you find a suitable plan that best suits your needs.
For more information about critical illness insurance, visit the Financial Services Commission of Ontario.