Created from Youtube video: https://www.youtube.com/watch?v=H-fsaWp4g10videoConcepts covered:Critical illness insurance, Canada, Financial protection, Coverage conditions, Early acquisition
Critical illness insurance provides essential financial protection in Canada, with only 5% of Canadians having a policy despite 85% expressing concern about potential critical illnesses. Policies offer coverage for various conditions, emphasizing the importance of early acquisition due to the high likelihood of diagnosis.
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Critical Illness Insurance in Canada – What’s Your Paycheque?
Concepts covered:Critical illness insurance, Canada, Financial protection, Coverage conditions, Early acquisition
Critical illness insurance provides essential financial protection in Canada, with only 5% of Canadians having a policy despite 85% expressing concern about potential critical illnesses. Policies offer coverage for various conditions, emphasizing the importance of early acquisition due to the high likelihood of diagnosis.
Question 1
Why doesn't a disability policy cover critical illnesses?
Question 2
Who developed critical illness insurance and where?
Question 3
Why might surviving a critical illness cause financial ruin?
Question 4
How is the amount of critical illness coverage calculated?
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