Critical Illness Insurance
ARE YOU AN EMPLOYER LOOKING FOR
CRITICAL ILLNESS INSURANCE?
Shelter Bay Financial Corp. helps employers provide group critical illness coverage tailored to their team’s needs and budget. We work with leading Canadian insurers to present competitive plan options and explain each one clearly, guiding you through the entire process from selection to implementation so your employees have the coverage they need quickly and smoothly. Based in British Columbia, we serve businesses across BC, Alberta, Saskatchewan, Manitoba, and Ontario.
What Is
Critical Illness Insurance?
Critical illness insurance provides a living lump-sum benefit if your employee receives a covered diagnosis that affects their ability to work, unlike life insurance which only pays out after death. Illnesses and serious health conditions can happen to anyone, often unpredictably, and can drastically impact your employee’s finances if they are unable to work. Critical illness insurance helps cover daily expenses, long-term costs, and treatments that may not be included in their existing health coverage, giving them flexibility and financial security when they need it most.
At Shelter Bay, our experienced insurance brokers guide you through options so you can provide your employees with the coverage that best suits their needs. With a critical illness plan in place, your employees can focus on recovery without worrying about finances, knowing they have protection in place for life’s unexpected challenges.
The Type Of Coverage Benefit Can Be
Used As Needed
The critical illness lump sum benefit is aimed at easing the financial hardships that accompany a medical catastrophe. The payments provide flexibility and can be used in any way necessary to help navigate the crisis. Here are some examples of how a critical illness insurance plan can help you:
- Mortgage Payment
- Car Loan & Line Of Credit
- Credit Card Bills
- Child Support
- Outstanding Debt
- Caregiver Support
- Transportation Costs
- Medical Expenses Not Covered By Health Insurance
Which Illnesses
Does it cover?
Most critical illness claims were for the following illnesses:
- Cancer
- Heart Attack
- Stroke
A Policy May Also Provide Coverage For The Following Illnesses:
Aortic Surgery, Bacterial Meningitis, Blindness, Deafness, Coma, Severe burns, Kidney failure, Aplastic Anemia, Multiple Sclerosis, Paralysis, Parkinson’s Disease, Organ Failure/Transplant, Motor neuron disease, Loss of limbs/Loss of speech, Dementia/Alzheimer’s, Acquired Brain Injury, Benign Brain Tumor, Coronary Artery Bypass Surgery, Occupational HIV Infection, Loss of Independent Existence
Get in touch with our team
BOOK A CALL TODAY
Shelter Bay has been undertaking critical illness insurance work for a number of years. An advisor on our team will let you know the differences in policies offered by various insurance companies. Our job is to help you understand the benefits of critical illness insurance and help you choose the coverage that works best for you.
OTHER EMPLOYEE COVERAGE OPTIONS
We also help Canadian employers find the best Health & Dental Benefits, Life Insurance, Long and Short-Term Disability, Employee Assistance Programs, Accidental Death & Dismemberment, and Group Retirement Plans for their employees. We’ll help you find the right plan with the right budget from the right company for you. We are based in B.C., and currently serve the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario.