Critical Illness Insurance in Ontario
If you’re a business owner in Ontario, you know that running a business comes with a lot of risks. That’s why it’s important to have critical illness insurance in Ontario, in addition to medical insurance, to help cover the costs that the Ontario Health Insurance Plan (OHIP) does not. Severe or dreaded diseases can strike at any time, and you may not have enough funds to sustain yourself through long periods of treatment and recovery. So, it’s crucial to know the ins and outs of critical illness insurance in Ontario, and what it can do for you and your business.Get Started
Critical Illness Insurance from Zippo Insurance
At Zippo Insurance, we understand that a critical illness can be devastating, both emotionally and financially. That’s why we offer a range of comprehensive critical illness insurance policies to provide financial support in case of a serious illness.
What is Critical Illness Insurance?
Critical illness insurance is a type of insurance policy that provides a lump-sum payment in case you are diagnosed with a covered critical illness. The payment can be used for any expenses related to the illness, such as medical bills, travel expenses, or loss of income.
Covered Illnesses with Critical illness Insurance?
Our critical illness insurance policies cover a range of serious illnesses, including:
- Heart Attack
- Kidney Failure
- Alzheimer’s Disease
- Parkinson’s Disease
- Multiple Sclerosis
- Organ Transplant
- And more
Is Critical Illness Cover Worth It In Ontario?
Critical illness cover is extremely helpful if you have not saved up enough money to fall back on when a critical disease strikes, or if your employer doesn’t offer a benefits package that covers the long periods of unemployment that can result from severe illnesses. When you receive the diagnosis, you lodge your claim, and then receive a lump sum, which you can use to cover any expenses that might arise or simply to help sustain you and your family during your treatment and recovery.
With critical illness cover, you can enjoy the peace of mind that comes with knowing that you and your family will be taken care of if you contract a severe illness – even if you don’t have any savings. For this reason, it is well worth adding critical insurance to your medical or life insurance cover.
How much critical illness insurance do you need?
To calculate how much critical illness cover you need, add up your key monthly expenses, including mortgage or rent, energy bills, car insurance, loan and credit card repayments, medical expenses, and childcare commitments. This will help you come up with an estimate of the amount of cover you will need.
Benefits and Features of Critical Illness Insurance
Our critical illness insurance policies offer a range of benefits and features, including:
- Lump-sum payment: A tax-free lump-sum payment in case of a covered critical illness diagnosis.
- No medical exam required: No medical exam is required to purchase a policy.
- Use the payment as you wish: You can use the payment for any expenses related to the illness, such as medical bills, travel expenses, or loss of income.
- Coverage for multiple illnesses: Our policies cover a range of serious illnesses, giving you peace of mind that you’re covered.
Premiums and Payments in Critical Illness Insurance
We offer competitive premiums and flexible payment options to make critical illness insurance affordable for you. Our payment options include:
- Monthly Payments: Pay your premium on a monthly basis.
- Annual Payments: Pay your premium on an annual basis.
Critical Illness Insurance Eligibility Requirements
To be eligible for our critical illness insurance policies, you must meet certain requirements. These include:
- Age: You must be between 18 and 64 years old.
- Pre-existing conditions: Some pre-existing conditions may exclude you from coverage.
The Claims Process involved with Critical illness Insurance
At Zippo Insurance, we make the claims process easy for you. To file a claim, simply contact our claims department and we will guide you through the process. We will work with you to ensure your claim is processed as quickly and efficiently as possible.
For more information on critical illness insurance in Ontario, contact Zippo Insurance today.
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