Paramjit Kaila - Advisor
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I am a Sun Life advisor. These are my personal opinions and do not constitute professional advice nor do they reflect the official position of Sun Life.
06/17/2022
Critical Illness Insurance(CI) Recovering from a serious illness can have a significant financial impact on you and your family. If you or your child gets sick with a illness covered in your policy, you get a lump sum cash payment to help you pay costs associated with the illness.
How you may benefit from the insurance proceeds?
-It can help you reduce debt and other financial burden while coping with the illness
-Replace any reduced or lost income for you or your family member who wish to take time off from work to take care of the sick person
-It can help you consider new medical treatments and medications that are not covered by your private plan or provincial health plan
Return of premium option at cancellation
Life insurance is used as a way to pay off your debt such as mortgage and other personal loans! What type of coverage do you need? It all depends on your lifestyle and financial objectives? Do you have enough coverage to protect what's important to you?
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