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Critical Illness Insurance - Transition
Transition critical illness insurance
provides you with a lump-sum
payment after a critical illness is diagnosed. As a result, you can
devote 100% of your energies to your recovery, without worrying about
the financial impacts of the illness.
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Who Should Consider Critical Illness Insurance? |
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Anyone who wishes to be protected against financial concerns resulting
from a critical illness:
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persons who would like to obtain
specific medical treatments; |
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parents who would like to temporarily leave
their jobs to devote themselves to the recovery of their child; |
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persons who would like to have
home nursing care or to go on a trip to assist in their recovery; |
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business owners or self-employed
workers who would have to compensate for the loss of productivity
or clients after an illness. |
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Features and Advantages of Transition |
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You obtain a tax-free lump-sum
payment 30 days* after diagnosis of a critical illness. This
payment may be used in any way you wish, without restriction.
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Your premiums and protections are guaranteed,
renewable every 10 years or level
up to the age of 75 years or for your lifetime.
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You can obtain protection of between $10,000 and $2 million.
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Industrial Alliance reimburses the premiums in the event of the
insured's death if the insured was not entitled to payment of the
Transition benefit.
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You may surrender your insurance and obtain a refund of your premiums.*
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Additional benefits are available.
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You may insure up to nine persons under the same contract.
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*Certain conditions apply. |
