Patient discussing critical illness insurance options with an advisor
Receive crucial financial support during a critical illness with flexible, tax-free insurance from Mitt Insurance Brokers.

Critical Illness Insurance – Financial Support When You Need It Most

Facing a serious illness can bring not only health challenges but also significant financial strain. Critical Illness Insurance from Mitt Insurance Brokers provides you with a tax-free lump sum payment if you are diagnosed with a covered illness, helping you focus on recovery while managing your financial obligations.

What Is Critical Illness Insurance?

Critical illness insurance pays out a one-time, tax-free sum upon diagnosis of illnesses such as cancer, stroke, heart attack, and other serious medical conditions listed in the policy. This benefit gives you the flexibility to use the funds as you see fit—whether for medical treatment, everyday expenses, rehabilitation, or relieving debt during a challenging time.

Why Choose Critical Illness Insurance?

  • Lump-Sum Tax-Free Payout
    Receive immediate financial resources without worrying about taxes or reimbursement delays.

  • Covers a Range of Serious Conditions
    Protection typically includes many critical illnesses such as cancer, heart attack, stroke, multiple sclerosis, kidney failure, and others.

  • Financial Flexibility
    Use the funds to pay for treatments not covered by your health plan, cover household bills, or even take time off work.

  • Peace of Mind for You and Your Family
    Reduces stress related to finances while focusing on your health and recovery.

  • Return of Premium Options
    Some plans may provide a partial refund of premiums if no claims are made over a certain years.

Who Should Consider Critical Illness Insurance?

  • Individuals with a family history of serious illnesses

  • Those wanting to supplement provincial health coverage

  • Families seeking extra financial protection beyond life insurance

  • People who want to cover out-of-pocket medical and living expenses during illness

Why Mitt Insurance Brokers?

Mitt Insurance Brokers offers expert advice and access to top Canadian insurers for critical illness plans that fit your lifestyle and risk tolerance. Our team will guide you through plan options, ensuring you understand coverage details and benefits clearly.

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