Comments on: What is Critical Illness Insurance-Critical Illness Insurance Basics

By: Singleton01

Singleton01 — Thu, 29 Oct 2009 14:42:18 +0000

You mentioned “Many companies now also offer a combination of life and Critical Illness insurance.” Can you list these particular companies that offer this in Canada?

By: Insurance You CAN NOT Do Without | The Canadian Finance Blog

Insurance You CAN NOT Do Without | The Canadian Finance Blog — Wed, 07 Oct 2009 09:04:39 +0000

[...] has pointed out that you can do without Cancer insurance, but you can NOT do without critical illness insurance. Unlike life insurance, critical illness insurance is known as living benefit and is there to [...]

By: This and That: Canadian Money Forum, Giveaway and more… | Income Trust | Personal Finance | Real Estate SEO

Mon, 06 Apr 2009 03:24:54 +0000

[...] Highway covered the basics of critical illness insurance. [?] Share [...]

By: Ray

Ray — Sun, 05 Apr 2009 05:41:44 +0000

EconStudent: that is a very common question with any insurance products. I am working on a follow up post on this topic. I am not really aware of any objective resource that tells you how much you need. It depends on many factors, what do you want to do with it? pay debt? replace lost income? cover bills? etc. A common rule is 6months of income, but it may not always be enough. I would say 6mth-1yr of your income if you do not have large amounts of debt and too many dependents.
Sunlife has a calculator you can use, but nothing special about it.
http://www.sunlife.ca/tools/e/health/LCCritIllInsure/HowMuch.asp

By: EconStudent

EconStudent — Sun, 05 Apr 2009 03:02:57 +0000

Where can I get objective information in which how much critical illness insurance or term life insurance is needed in different situation?

By: Ray

Ray — Sat, 04 Apr 2009 15:16:51 +0000

Good question tom.
As far as I can think pretty much everyone needs this type of protection regardless of age and health. Specially if you have family history of illness, Cancer and Heart attack does not discriminate against anyone.

By: tom

tom — Sat, 04 Apr 2009 12:06:09 +0000

Who usually needs this kind of insurance?

By: This and That: Canadian Money Forum, Giveaway and more…

This and That: Canadian Money Forum, Giveaway and more… — Fri, 03 Apr 2009 11:55:53 +0000

[...] Financial Highway covered the basics of critical illness insurance. [...]