Get a Critical Illness Insurance Quote
Critical Illness
Insurance BC
Shelter Bay Helps
People In Canada Search
For The Right
Critical Illness
Insurance For Them
Illness can happen to anyone at any time. More often than not, injuries and critical health conditions occur unpredictably and can completely alter a person’s life. Whole and term life insurance provides a payout in the event of one’s death. The difference with critical illness insurance is that it is a living lump sum benefit. It offers financial coverage to an insured who receives a covered diagnosis that impacts their ability to work.
Critical Illness Insurance BC is a necessity. Illnesses are stressful enough – don’t add financial hardship to the equation.
At Shelter Bay, our experienced insurance brokers want to help you protect yourself and the people you love. When you speak to one of our advisors, you will get quality advice and detailed information so that you can make the best decision for your situation.
In the event of a critical illness, your health should be your main priority. Focus on recovery without worrying about finances. Contact us today so we can work together and set up the protection you need.
Request A Critical Illness
Insurance Quote
Get Protection
And Peace of Mind
At Shelter Bay, our experienced insurance brokers want to help you protect yourself and the people you love. When you speak to one of our advisors, you will get quality advice and detailed information so that you can make the best decision for your situation.
In the event of a critical illness, your health should be your main priority. Focus on recovery without worrying about finances. Contact us today so we can work together and set up the protection you need.
A Critical Illness
Could Result In
Lost Income
If you or your spouse got sick and were unable to work, how would that affect your finances? Would you be down to one income, or no income at all? Do you have additional sources of earnings that could pay for your daily and long-term expenses? What if your critical illness required additional treatments not covered by your current health insurance?
While we all think a critical illness simply just couldn’t happen to us, but these conditions affect millions of Canadians each year. Whether it’s heart disease or skin cancer, having a critical illness insurance plan in place will ensure you have protection and flexibility if you can no longer financially support your family.
The Type Of Coverage Benefit Can Be
Used As Needed
The critical illness lump sum benefit is aimed at easing the financial hardships that accompany a medical catastrophe. The payments provide flexibility and can be used in any way necessary to help navigate the crisis. Here are some examples of how a critical illness insurance plan can help you:
- Mortgage Payment
- Car Loan & Line Of Credit
- Credit Card Bills
- Child Support
- Outstanding Debt
- Caregiver Support
- Transportation Costs
- Medical Expenses Not Covered By Health Insurance
Dr. Marius Barnard
A cardiologist in South Africa is credited with inspiring the first insurance company to critical illness coverage. While the survival rates of his patients were high, he noticed that many of them faced financial hardships during recovery.
What Does It Cover?
Critical Illness Insurance Is Not One Size Fits All
Shelter Bay has been undertaking critical illness insurance work for a number of years. An advisor on our team will let you know there is a slight difference in policies offered by various insurance companies. Our job is to help you understand the benefits of critical illness insurance and help you choose the coverage that works best for you.
We genuinely care about our patients and we know how difficult it can be to discuss illnesses and worst-case scenarios. However, when you speak with one of our advisors, you can rest assured that the process will be as seamless as possible.
The Type Of Coverage Benefit Can Be
Used As Needed
The critical illness lump sum benefit is aimed at easing the financial hardships that accompany a medical catastrophe. The payments provide flexibility and can be used in any way necessary to help navigate the crisis. Here are some examples of how a critical illness insurance plan can help you:
If you or your spouse got sick and were unable to work, how would that affect your finances? Would you be down to one income, or no income at all? Do you have additional sources of earnings that could pay for your daily and long-term expenses? What if your critical illness required additional treatments not covered by your current health insurance?
While we all think a critical illness simply just couldn’t happen to us, but these conditions affect millions of Canadians each year. Whether it’s heart disease or skin cancer, having a critical illness insurance plan in place will ensure you have protection and flexibility if you can no longer financially support your family.
Most Canadian Carriers
Offer Similar Coverage
Approximately 80% of critical
illness insurance claims were for
the following illnesses:
- Cancer
- Heart Attack
- Stroke
A Policy May Also Provide Coverage
For The Following Illnesses:
Aortic Surgery, Bacterial Meningitis, Blindness, Deafness, Coma, Severe burns, Kidney failure, Aplastic Anemia, Multiple Sclerosis, Paralysis, Parkinson’s Disease, Organ Failure/Transplant, Motor neuron disease, Loss of limbs/Loss of speech, Dementia/Alzheimer’s, Acquired Brain Injury, Benign Brain Tumor, Coronary Artery Bypass Surgery, Occupational HIV Infection, Loss of Independent Existence
Do You Need
Critical Illness
Insurance?
✓ Your ability to earn a living for your family or produce results for your business is impacted as a result of a health emergency
✓ Your existing disability insurance BC policy has an elimination or waiting period (most income replacement policies don’t begin until 90-120 after diagnosis)
✓ You are the primary caregiver for a spouse or child and will not receive disability benefits Withdrawing retirement savings will result in tax consequences and negatively affect your retirement goals
✓ Your business relied on you and your absence will result in the company’s lack of productivity and profitability
If any of these apply to you, you do in fact need critical illness protection.
Is COVID-19 Included In
Critical Illness Coverage?
We understand that the COVID-19 recovery period has put a strain on many people’s finances. Unfortunately, the condition is not currently covered under life insurance or critical illness policies in Canada. Should you require additional resources, the Government of Canada may have programs and benefits available to help you.
A Visit To The Doctors Could
Change Your Life
Illnesses and health conditions are often completely unexpected but can dramatically change the course of our lives. When going to the doctors, we don’t anticipate coming home with a diagnosis that requires months of recovery and care. Unfortunately, however, this is reality. When it comes to critical illness insurance, it is always a good idea to be prepared. We can help you find a protection plan with payment options suitable for you. Call us to learn more about this benefit.
Have Questions About The Protection Benefit?
Contact Us Today To Learn More
Contact Us
Located in British Columbia, our insurance brokers at Shelter Bay strive to provide an excellent level of customer service as well as customized insurance solutions for each and every client. We offer the most diverse products in the industry and we are contracted by some of the top leading insurance carriers in Canada.
When you work with our insurance broker, you will receive service and advice that is based on years of experience in the insurance industry. Our staff is professional, knowledgeable and dedicated to providing individuals with the right products.
If you want to explore insurance options that will help protect you, your family, home and business, give us a call or send us an email. Let’s get started today.
