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Critical Illness Insurance is a living benefit insurance that pays a lump sum if the beneficiary is diagnosed with particular illnesses.
Critical Illness Insurance
Why get a Critical Illness Insurance?
Main reasons why you would consider getting a Critical Illness Insurance:
1. It ensures financial reserve for your medical expenses when you are seriously ill.
2. You may have family history of critical illnesses.
3. Risk of getting ill with cancer is high. Two in five Canadians are expected to be diagnosed with cancer in their lifetime. (Refer to Canadian Cancer Society)
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