Critical Illness Insurance - a little-known product with big benefits

In a world where everybody knows somebody who has faced the heavy burdens of critical illness, a product exists to offer peace of mind and help unload the associated financial stress. It is highly underused and certainly under-promoted, yet offers numerous benefits.

	Here are just a few of the many benefits critical illness insurance has to offer:
			The definition of critical illness evolves with time. The list of
			illnesses covered by critical illness insurance is extensive and
			continuously growing to include new diseases and non-life-
			threatening illnesses
			Most plans offer a return of premium rider, essentially
			providing the beneficiary with a forced savings account
			The coverage provides financial support for the whole family
			during times of illness
			By insuring their children, parents could focus entirely on the
			child's recovery in times of illness and not on the family's
			financial needs
			The beneficiary receives the autonomy and control to do what
			he/she will with the insurance payment, whether it means
			traveling for medical treatment, receiving in-home care, or
			taking the family on a vacation
			You'll receive between $10,000 and $2 million in coverage,
			depending on your premiums

	These eye-opening statistics make critical illness insurance a requirement for any family:
			One in 2.4 men and one in 2.7 women living in Canada will
			develop cancer
			One in nine women will be diagnosed with breast cancer
			during her lifetime
			One in eight men will develop prostate cancer during his
			lifetime
			Currently, an estimated 238,000 Canadians over 65 have
			Alzheimer's
			It is estimated that more than 509,000 Canadians will be
			diagnosed with Alzheimer's disease by the year 2031 if a cure
			is not found
			Over 70,000 Canadians suffer from a heart attack every year

With statistics like these, critical illness insurance has never made more sense. To make it part of your family's insurance portfolio, contact your Rice Financial advisor today.