Critical illness insurance: protection from the unexpected

#Exploring your options

Learn how critical illness insurance can help you manage a life-threatening illness

When it comes to cancer, heart attack or stroke, you may think: “That couldn’t happen to me.”

But the truth is, the risk of experiencing a life-threatening illness is very real. Did you know:

  • Two out of five Canadians will develop cancer in their lifetime?1
  • Every four minutes, someone in Canada is diagnosed with cancer?1
  • More than 400,000 Canadians live with the long-term implications of a stroke?2
  • Your financial security plan can include protection for the unexpected?


Chances are you know someone who’s experienced cancer, a heart attack or stroke. Most of us have. A critical illness can affect almost anyone – including people who are in otherwise perfect health.

The risk of experiencing a life-threatening illness is very real.
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While it’s not fun to think about what might happen if you, your spouse or child experience a critical illness, it’s important to have a plan in case the unexpected occurs. This plan should help ensure you/your family can:

  • Pay important bills (mortgage, hydro, gas)
  • Cover medical expenses not covered by government or workplace health benefit plans
  • Afford alternative treatments to help with recovery
  • Avoid dipping into retirement funds or savings to cover expenses
  • Concentrate on recovery, rather than worry about finances

A Freedom 55 Financial security advisor can help you create a plan – including critical illness insurance – to help protect yourself and your family from any financial, or non-financial issues that might come up.