 Critical Illness Insurance
Serious illness is more common... The rates of cancer, heart attack, and stroke are increasing. For example, 125,000 Canadians contract cancer every year. 75% of cancer victims live more than five years. In fact, there has been a 1% increase in the incidence of cancer every year since 1970.
People are living longer because of advances in medical technology. There are more older Canadians than ever before... In 1996 there were 3.5 million Candians over the age of 65. By the year 2011 this number will have grown to over 5 million. Because of the increased life expectancies, about half of the elderly in 2036 will be 75 or older.
Facing a critical illness or condition is more common than you might think!
- 1 in 3 Canadians will develop cancer.
- 1 in 2 men and 1 in 3 women aged 40 and under will develop coronary heart disease.
- This year, more than 40,000 Canadians suffer a stroke.
- More than 50,000 Canadians have Multiple Sclerosis.
Surviving a critical illness is also more likely.
- More and more Canadians are surviving medical conditions that were once fatal.
- 95 per cent of hospitalized heart attack victims survive the initial occurrence.
- 75 per cent of stroke victims survive their first stroke.
In many instances today, good news can also be bad news. Surviving a catastrophic illness is the good news. But survival can also result in potentially sudden, severe and, in some cases, long term financial difficulties due to the unexpected expenses relating to your recovery and lifestyle changes. |
