The financial impact of surviving a critical illness

The financial impact of surviving a critical illness"Nearly half of Canadians will develop cancer in their lifetime. 62% are expected to survive or 5 years or more." *

Being financially secure means you never risk losing the two most treasured items we all have: our home and our lifestyle.
However, did you know that ...
* 1 in 3 Canadians will develop a life threatening cancer? *
* 91% of the patients who were admitted with a heart attack survive? *
* The death rate from stroke has decreased 50% since 1950? *

  • 85% of Canadians survive their first stroke
  • 62% of Canadian cancer patients survive
  • 89% survival rate among new heart attack patients

People are surviving with these critical illnesses due to medical advances. The main concern people like you have is ... Can you recover financially from one of these illnesses? With the aging population, the Canadian health care system is under an increasing strain and it is unlikely that they will be able to provide the financial assistance and options you will desire.
Critical Illness (CI) is an insurance coverage in Canada that pays you a lump sum of money up to $2,000,000 if you are hit by a critical illness and this protection can be purchased for as little as a dollar a day. No conditions are attached to the payout. You are the one who decides how the money will be spent.
(Source: Heart and Stroke Foundation, 2011)

  • 90% of Canadians have at least one risk factor for heart disease or stroke
  • Heart disease is the 2nd leading cause of death in Canada
  • While 85% of stroke victims will survive the initial event, only 10% will recover fully
  • Leading cause of hospitalization in Canada continues to be heart disease and stroke
  • Estimated 70,000 heart attacks occur each year in Canada; or one heart attack every 7 minutes
  • 1.3 million Canadians report having heart disease
  • After age 55, the risk of stroke doubles every 10 years
  • A stroke survivor has a 20% chance of having another stroke within 2 years
  • Stroke is the 3rd leading cause of death in Canada
According to the new Heart and Stroke Foundation 2014 Report on the Health of Canadians, there are more Canadians surviving a heart attack or stroke than ever before. But, the Report also showed that a major scare, like a heart attack or stroke, doesn't always lead to survivors being able to make and maintain potentially life-saving behavior changes.

Over the last 60 years the death rate has declined more than 75 per cent with nearly 40 per cent of this decrease occurring in the last decade. This means that now, more than 90 per cent of Canadians who have a heart attack and more than 80 per cent who have a stroke and make it to the hospital will survive. Last year alone, there were 165,000 survivors of heart disease or stroke. While this is great news, the time off of work and the expenses required to recover can have a devastating affect on a families financial situation.

I want to help you secure your financial future by ensuring you have the money to keep your home and lifestyle should you be survive  one of the many Critical Illnesses covered within this type of policy.  Contact me for more information. today.

* Source: Canadian Cancer Society; Heart and Stroke Foundation of Canada

*  Source: Canadian Cancer Statistics, 2011.


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