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The CAA Critical Illness Plan
is your protection against unforeseen costs.
You likely know someone who has suffered a critical illness — a heart attack, cancer, a stroke or kidney failure, or who has undergone a life-threatening procedure such as coronary artery bypass surgery or received a major organ transplant. You may have also seen them survive their critical illness, only to lose their homes or jobs, or experience a decline in their quality of life.
With every passing year, it becomes increasingly likely that you too will undergo a serious operation or contract a life-altering illness sometime during your life. The good news is that, with today's advances in medical science, your chances of survival are greater than ever.
But how well will your finances survive? The same serious condition that can threaten your life can also weigh you down with financial burdens that can put your lifestyle in jeopardy. Consider the costs of maintaining your current lifestyle that you may no longer be able to afford. Just to name a few:
- The mortgage.
- The car loan.
- Childcare.
- Your children's educations.
- Your children's weddings.
- Your retirement.
Now consider the NEW costs that may be added to your already-overwhelming financial burden, such as:
- Convalescence.
- Private nursing.
- Medical equipment.
- Refitting your home and your car.
- Relocating to a more suitable locale or climate.
- Reduction or permanent loss of income.
- Retraining for a change of profession.
The money you get from a Critical Illness plan can buy you the time and financial stability you need to recover fully from your condition, without financial worries or lifestyle compromises. Critical Illness insurance pays cash benefits directly to the insured individual, typically after 30 days' survival following the first diagnosis of a covered condition. Critical Illness insurance can provide the living benefit that is so desperately needed by someone who is fighting for their life.
Because it's you who would receive the benefits of your Critical Illness insurance, you get to decide how this money will be spent:
- To afford the latest treatments medical science has to offer.
- To travel to get the necessary treatment promptly.
- To stay in your home and keep your family together.
- To adapt to changes in your abilities.
- To afford the time to recover fully before you return to work.
- To spend time with your family, perhaps with a trip of a lifetime.
CAA sponsors a Critical Illness Plan, underwritten by The Manufacturers Life Insurance Company (Manulife Financial). This Plan offers special Members' rates on coverage from $25,000 to $250,000, with many special features including a Premium Refund option to get up to 100% of the premium refunded when coverage ends at age 70, if no claim has been paid.
Coverage is subject to approval by Manulife Financial on the basis of your health. To determine if you may be eligible, click here. You can also get a free online quote in moments. If your application is approved, you will receive your policy, which will explain exactly what you are covered for. If you don't like what you see, simply send your policy back to Manulife Financial within 30 days after you receive it for a full refund of any payments you have made. For an outline of the limitations, exclusions and other important details of this coverage, read this. For your convenience, you can apply online. If you prefer, you can download a printer-ready application form that you can mail in.
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