What's Covered |
 John Beaton |
What's Covered |
John Beaton |
    
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Life threatening cancer, Heart attack and stroke represent approximately 90 per cent of the adult critical illness claims made so far to insurers in Canada. These illnesses are generally classed as basic coverage by all of the companies offering coverage. Most Canadian life insurance companies offer a basic plan or an enhanced plan with more comprehensive coverage. A basic adult critical illness plan covers the following life threatening illneses:
An enhanced critical illness plan for an adult would cover the previous three basic life threatening illneses plus more or less, the following list of illnesses. Please note that the following list is simply a guideline for enhanced coverage. Generally an enhanced plan will offer most or all of the following illnesses coverages. Not all insurance companies offer the same mix of coverage and even if they do, definition of coverage may be different. Cost of coverage also differs from company to company.
The following list of children's critical illnesses is an example of the coverage offered to a child up to age 18. This kind of coverage could be offered to to a healthy child from the age of 30 days to age 17.
Built into most critical illness policies is a return of all premiums on death if the insured dies during the survival period or from a condition or event not defined as a critical illness without having made a prior claim. Other possible options at additional cost are:
Critical illness plans are not available after age 65. If you own an incorporated business, you might want to explore the possibility of having your company pay for your critical illness insurance. In order to do this, it would be necessary to set up a Health & Welfare trust for your business which is a simple and inexpensive process. You would also have to provide critical illness coverage to at least one more person employed by your corporation. The amount of coverage provided to your employee[s] would not have to be the same amount as your coverage. To learn more about how to set up a Health & Welfare Trust, visit www.aftertaxes.ca If you are satisfied with the quote you have received and you wish to apply for coverage, please contact me again and arrangements will be made for completion of a confidential application for coverage. My local telephone number in the Vancouver area is 604-535-2404, and for the rest of British Columbia and Ontario toll free 1-800-667-8818. My e-mail is john@beaton-insurance.com 15310 Pacific Avenue White Rock, British Columbia, Canada V4B 1P9 Telephone: (604) 535-2404 Fax: (604) 531-4013 Toll Free Canada: 1-800-667-8818 Website: http://www.survive-it.com E-mail: jbeaton@beaton-insurance.com Beaton Insurance Services This web site designed & maintained by The Dogwood Mall  |