Critical illness insurance provides a lump-sum payment if you are diagnosed with a covered serious illness, such as cancer, heart attack, or stroke.
Unlike life insurance, which pays out upon death, critical illness insurance pays while you are alive, giving you the financial resources to manage treatment, cover expenses, or maintain your lifestyle during recovery.
Typically pays a single, tax-free lump sum upon the first diagnosis of a covered condition.
Policies can cover multiple illnesses, including heart disease, major organ transplants, or certain neurological conditions.
You can use the payout for medical bills, mortgage payments, rehabilitation, or any other financial needs.
Some policies allow add-ons such as return-of-premium or coverage for multiple occurrences.
Critical illness insurance is ideal for anyone seeking financial protection against unexpected health challenges, especially if they have dependents, outstanding debts, or other financial obligations that could be affected by a serious illness.
Disability insurance provides ongoing income replacement if you become unable to work due to illness or injury.
It helps ensure you can continue covering living expenses, such as mortgage payments, utilities, and daily living costs, even when you are temporarily or permanently disabled.
Typically provides a percentage of your pre-disability income (often 60–70%) until you can return to work or reach a specified age.
Short-term disability covers weeks or months, while long-term disability can last years or until retirement age.
“Own-occupation” policies pay if you can’t perform your specific job, whereas “any-occupation” policies pay only if you cannot work in any job.
Many life insurance policies offer a disability waiver of premium rider, which pauses premiums if you become disabled.
Disability insurance is essential for anyone whose income supports their household, especially self-employed individuals or key earners, providing peace of mind and financial stability in case of unexpected illness or injury.
Direct: 236-427-3873
Cell: 604-916-5289
Office: 866-463-8972
Fax: 866-463-8972
Paulo Sergio Moulatlet, CFP
Investment Funds Advisor, Investia Financial Services Inc.
Life Insurance Advisor
404-1688 152 St Surrey,
BC V4A 4N2
Mutual funds, exempt market products and exchange traded funds are offered through Investia Financial Services Inc. The particulars contained herein were obtained from sources which we believe reliable but are not guaranteed by us and may be incomplete. The opinions expressed on this website have not been approved by and are not those of Investia Financial Services Inc. This website is not deemed to be used as a solicitation in a jurisdiction where this Investia representative is not registered.
