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CANADA offers a diverse range of supplement insurance products and services.
Some of these are:
•
FREEDOM OF CHOICE: A plan designed to take
care of immediate financial needs placed on a family when a loved one
passes away (Final Expenses/ FUNERAL BENEFIT PLAN).
•
HEAD START: A low cost plan for children.
It is a benefit for life, transferable to children themselves, which
provides guaranteed options to increase their coverage in the future
without evidence of insurability.
•
SICKNESS PROTECTION: Provides a daily benefit
during periods of hospitalization in case of sickness, it also pays
benefits for out patient surgeries, and various therapies.
•
CANCER PROTECTION: Provides specific coverage
for treatment of cancer, in the hospital and also as an out patient. A
cancer detection rider is also available, which provides a single sum
when cancer is first diagnosed.
•
CRITICAL ILLNESS: Provides a lump sum payment
that can be used to help cover the unexpected costs associated with
a critical illness such as Heart Attack, Stroke, Major Organ Transplant,
etc.
•
WHOLE LIFE POLICIES: These policies provide
immediate coverage once issued, build cash value and have paid-up options.
Rates are never increased, and the coverage amounts are never reduced.
•
TERM LIFE POLICIES: Various terms are available
to cover the needs of a temporary nature, such as to pay off a mortgage
or other loans, family income protection, etc.
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