Coverage designed to provide financial support after a covered diagnosis.
A HIFA broker can help you compare critical illness options and understand how the coverage works.
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HOW IT WORKS
A lump-sum benefit for certain covered conditions.
Critical illness insurance may pay a lump-sum benefit if the insured meets the policy definition for a covered condition and any applicable requirements. Which conditions are covered, and how each one is defined, varies between policies.
WHAT IT CAN HELP WITH
The benefit is yours to direct.
Time Away From Work
A benefit can help with income while you are not working.
Household Expenses
Everyday costs carry on regardless of what changes.
Childcare or Caregiving
Extra help at home can be part of what you need.
Travel for Treatment
Appointments are not always close to home.
Home Modifications
Changes to the home can make recovery easier.
Other Financial Priorities
How the benefit is used is up to you.
A benefit is generally paid to you, not to a provider, so it is not limited to medical bills. Policy terms and conditions apply.
WHAT AFFECTS THE COST
What insurers look at.
Age
Health
Smoking status
Coverage amount
Policy type
Length of coverage
Medical history
Family medical history
BEFORE YOU QUOTE
What we’ll ask you.
01
Who needs the coverage?
02
How much coverage are you considering?
03
How long do you want the coverage?
04
What is your age?
05
What is your general health profile?
06
Do you already have similar coverage through work or another policy?
WHEN TO REVIEW
Times to review this coverage.
Starting a family
More people depending on your income changes the picture.
Buying a home
A mortgage is a long commitment to cover.
Taking on more debt
What you owe affects how much coverage makes sense.
Changing jobs
New benefits may cover more, or less, than the old ones.
Becoming self-employed
There is no group plan behind you once you work for yourself.
Losing workplace benefits
Coverage that ends with a job may need replacing.
Income changing
A different income can change the amount you would need.
Existing coverage expiring
A policy reaching its term is worth reviewing early.
WHY HIFA
Understand the definitions before you decide.
WE EXPLAIN HOW IT WORKS
The definition of a covered condition is what decides a claim.
WE COMPARE THE OPTIONS
Policies differ in which conditions they cover and how.
WE HELP YOU ASK THE RIGHT QUESTIONS
A broker can tell you what to check before you sign anything.
Common questions
Critical illness questions.
How is this different from Life Insurance?
How is it different from Disability Insurance?
Do I have to use the money for medical bills?
READY TO COMPARE?
Let’s look at the coverage and how it works.
A HIFA broker can walk through the definitions and the options with you.
Want to talk now?