A serious illness may mean having to take time off work or facing unexpected medical bills. Your government health care plan may not cover the costs of all your medications or travelling for treatment. If your workplace insurance doesn’t cover these expenses or allow for an extended medical leave, finances may become one more thing to worry about. That’s where critical illness insurance can help. It’s like a financial safety net that can provide support for you and your loved ones during a difficult time.
CAA Critical Illness Insurance covers 44 critical conditions - amongst some of the most comprehensive coverage in Canada. It can be a tremendous help if you have dependents, don’t have benefits through work – or only have limited coverage, are self-employed and don’t have additional health insurance or have limited savings. If you’re unsure whether you would benefit from critical illness insurance, ask yourself this: would your family be able to manage in the face of a serious illness without this financial support?