The 7 Most Important Questions About Critical Illness Insurance And Why They Matter To You.

Jan Tejano, HLLQP
Independent Insurance Broker

Clients reviews 9 / 10 - 36

7 most important questions about critical illness insurance

According to research by the American Cancer Society, one out of every four people will be diagnosed with cancer.

What would you do if the unthinkable happened? Would you be able to provide for your family, pay off debt, or cover medical bills? You can make a wise decision if you know the facts before you make these tough choices.

In today's economy, no one knows how long they have to live. And even if they did, they'd still likely spend the rest of their lives without Critical Illness Insurance products. But why? Why would so many people fail to take out Critical Illness Insurance when it's the only form of protection they'll ever need?

The truth is that the Critical Illness Insurance Policy isn't as simple as it seems. And in this article, we're going to look at seven essential questions you need to answer before you take out critical illness insurance. And once we've responded to them, we'll look at some of the most common mistakes people make when buying Critical Illness policy.

What Is Critical Illness Insurance?

Critical Illness Insurance is intended to provide coverage for unexpected, expensive illnesses such as cancer or heart disease and not for routine, chronic conditions.

Critical illness insurance covers medical expenses, ongoing expenses, and bills. 

It is the best way to protect yourself from a catastrophic event. Unfortunately, most people are not aware of this kind of insurance. If you have a family, you should consider buying this kind of insurance for them. You can get a term 10, 20, or 65 years old policy. 

 A cancer diagnosis can trigger a critical illness. This medical condition puts you at risk for developing severe medical problems, including disability or death, if you don't receive the proper care. If you have critical illness insurance, it may cover the costs of a private room in a hospital intensive care unit

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Why is it important to buy critical illness insurance?

Here are just a few of the many reasons why buying Critical illness benefits is essential. First, we know that paying medical bills can be very stressful, especially if you don't have CI benefits.

In the event of a life-changing injury or illness that leads to severe and long-term disability, critical illness insurance is crucial to keep you and your family on track.

While also providing financial assistance to cover all of the costs of hospital visits associated with your treatment and care for you and your family members.

If you are injured or sick, you may be unable to work, so you need some financial protection to ensure that you can take care of yourself and your family.

Critical illness insurance is essential to provide financial support to your loved ones if you become critically ill.

What are the features of critical illness insurance?

  • Coverage of medical expenses
    No matter the illness's seriousness, your insurer will pay financing costs.
  • Short-term coverages
    If you get sick but can return to work before the policy ends, the critical illness insurance policy will cover your medical expenses.
  • 30-day waiting period

    Most insurance companies require a 30-day waiting period, meaning if you become ill, you must survive within 30 days.

  • Medical exam
    Some insurance companies don't need a medical exam, depending on your buying coverage.
  • Bundle and save
    Buying both Life and Critical Illness Insurance will save you money
  • Simple application
    You can get coverage in under a day.
  • Online 24/7 customer service
    itโ€™s always a good idea

Can I apply for critical illness insurance without having to take a medical exam?

What if I don't have health problems? If you are in good health, you're probably wondering if you need health or CI insurance, which is generally available to everyone who needs health care.

How much critical illness insurance coverage do you need? The first step is figuring out how much insurance coverage you need. The amount of critical illness insurance coverage you need will vary depending on your specific circumstances. However, in general, you will need coverage that covers at least one year of your salary.

Here are a few things to keep in mind before you buy critical illness insurance without a doctor's help:

critical illness insurance - CPP

How much critical illness insurance coverage do you need? The first step is figuring out how much insurance coverage you need. The amount of critical illness insurance coverage you need will vary depending on your circumstances. However, you will generally need a range covering at least one year of your salary.

What kind of coverage do I need? A critical illness policy benefits from the high hospitalization costs and medical treatment related to severe sickness or accident. It may also provide some income protection if you are unable to work. A health benefits account is a tax-advantaged account that allows you to set aside money for medical expenses.

How to Decide Which Critical Illness Insurance Is Right For You?

Before selecting an insurance company, ensure you understand how it works and how to get the most value for your money. The first thing to understand is how the process works, whether you want individual coverage, household coverage, or something else. Next, ensure you know the terms you need in your policy.

Get familiar with how premiums work. And if you don't already have a primary care doctor, make sure they accept your insurance.

Another thing you need to know is how many conditions you are covered. Some companies only offer four conditions ( Heart Attack, Stroke, Cancer, and Coronary heart bypass surgery); I recommend getting the 25 conditions.

Critical illness insurance covers health conditions including Alzheimer's disease, Aortic surgery, Aplastic anemia, Bacterial meningitis, Benign brain tumor, Blindness, Cancer (life-threatening), Coma, Coronary artery bypass surgery, Deafness, Heart attack, Heart valve replacement, Kidney failure, Loss of independent existence***, Loss of limbs, Loss of speech, Major organ transplant, Major organ failure (on a waiting list), Motor neuron disease, Multiple sclerosis, Occupational HIV infection, Paralysis, Parkinson's disease, Severe burns and Stroke (cerebrovascular accident)

critical illness insurance - Jan Tejano

How to Get the Best Critical Illness Insurance Quotes

If you're looking for life insurance, CI, or disability insurance, you may be overwhelmed by all the information available. There are many companies to choose from, and it can be challenging to know where to begin.

That's where I come in as an independent insurance broker. I can provide you with a quote base on your need.

The first step in getting the best insurance quotes is choosing the right coverage for you and your loved ones. It's always better to be safe than sorry regarding CI, disability, and life insurance.

We've put together a quick guide to help you get started. First, you'll learn about the different types of insurance and how they work. Then you'll find tips on ensuring you're getting the best deal possible.

When Should You Buy Critical Illness Insurance?

Healthy people need critical illness insurance. You may be strong and healthy, but it's much better to be prepared than to face a debilitating illness.

And you may be right. Many illnesses are now being treated and even cured.

That's excellent news. However, going through treatment and surviving a critical illness can cause financial hardship for many people.

Suppose you don't have a disability, long-term care insurance, or a short-term illness. In that case, it's important to have critical illness insurance.

You may already benefit from your medical costs through your employer. However, with critical illness insurance, you can still recover without stress.

Insurance is a great way that benefits you from the risk of disability uncertainty. When we lose our jobs, we'll need financial help to get back on our feet. So why do so many people neglect this form of health protection? The answer is simple: We don't know what we need until we need it.

We often take on financial risks without understanding how those risks could play out in the future. But if we don't understand these risks, how can we ever know what we need to protect ourselves?

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๐Ÿ”’We are committed to the highest standard, in terms of client confidentiality. Please be assured that I will never sell or distribute the personal information you provide.

Common mistakes that people make when buying Critical Illness policy.

Most people don't use a broker when buying insurance, instead relying on the bank or a friend.

People who use life insurance brokers tend to have more money than others and are more likely to be educated, informed, and access better products.

They have an advantage over people who buy because they understand how to find the best deals. Many people don't realize they can save much money by choosing a broker over a bank or insurance company.

Having worked with many insurance companies, they can compare rates so that you don't end up paying too much for your policy. 

Suppose you want to buy life insurance, CI, or disability insurance. In that case, they'll find the best deal for you, so you won't pay more than you would if you went to a bank or insurance company.

I have an excellent medical plan at work. So why would I need additional coverage for critical illnesses insurance?

One of the most common questions people ask, but it can be tough to answer. At its simplest, the answer is this: even if you have an excellent employer-provided health plan, that's not always the case with your health care policy.

You likely have a lot of gaps in benefits that your employer's insurance doesn't cover.

For example, your employer's insurance may or may not cover the cost of hospital stays that are longer than a couple of days, depending on how your benefit is set up. And you might not be covered for some types of emergency procedures like heart surgery.

The policy didn't meet your needs or not enough benefits.

Suppose you are suddenly unable to work due to illness or injury. In that case, critical illness insurance pays for hospital expenses up to a certain amount.

You may be able to apply for disability insurance through your employer. Still, if you don't have that option, you can purchase a policy from a life insurance advisor.

For example, suppose you are looking for a policy that covers you for various health reasons. In that case, a good disability or CI insurance plan will cover many conditions.

Not having the proper health benefit in place.

The biggest mistake is that people don't understand the difference between the various insurance benefits they need and the importance of having enough to cover them.

As a result, even if they are familiar with insurance terminology, they don't know how much they should purchase and have trouble deciding which policies they need.


In conclusion, when considering critical illness insurance, remember that there are seven key questions you need to ask yourself before buying. These questions are the most important thing to consider.

By answering these questions, you will be able to make sure that you are buying a policy you need and can afford. You can learn more about these questions by reading my last blog about choosing life insurance benefits.

Click Here to view our critical illness insurance quotes comparison.

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๐Ÿ”’We are committed to the highest standard, in terms of client confidentiality. Please be assured that I will never sell or distribute the personal information you provide.

Any questions? I look forward to hearing
from you!

I know that your time is sacred, Iโ€™ll be in touch soon! You can also visit one of our offices!

Jan Tejano

Independent Insurance Borker

387 Main St. Steinbach, MB R5G 0T2

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