Planning for life events
Critical illness
Thanks to better health screening and advances in medical care, more and more people are surviving critical illnesses such as cancer and stroke. But the effect of critical illness on their finances can be devastating. While you’re recovering, household expenses have to be paid, along with all of the medical costs your health and disability insurance won’t cover. For example, there are exclusions, caps on benefits, co-payments, out-of-network costs, plus extra costs like travel to specialists and alternative therapies.
Critical illness insurance
You can buy critical illness insurance to get the extra financial support you need to cover the gaps in your existing coverage and help protect your family’s standard of living during the recovery period. Critical illness insurance is essentially a one-time payment if you’re diagnosed with a covered critical illness such as cancer, heart attack, stroke or paralysis. To learn more about critical illness insurance from Stonebridge Life, email us or call 1-800-622-2923.
To help you determine the right coverage for your needs, start here:
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How much coverage do I need?