Kitchener Critical Illness Insurance

Do you know if you’ll get sick?  Or when?  Or how seriously?

We take our lives for granted when things are going well.  We don’t like to think about the possibility of a critical illness in our lives, but they do occur.  What would happen to your finances if you had a heart attack and couldn't work for a long period of time?

If you are the sole bread winner of a household, a prolonged illness can lead to financial complications.  This is where a Critical Illness policy comes into play.

What is a Critical Illness Policy?

They were created almost 30 years ago by the renowned heart surgeon Marius Barnard (, who worked on the first human to human heart transplant with his brother, Christiaan Barnard.  He became so frustrated watching patients’ financial struggles as he treated them that he convinced insurance companies in his native South Africa to create a product. In the early 1990s, he brought the concept to Canada.

Critical-illness insurance provides a lump-sum payment to a policy holder facing cancer, heart attack, stroke and a range of other maladies.

The illnesses covered vary from company to company.  Through a series of questions a good broker can determine which one best fits your needs.   Unlike similar products such as disability insurance, critical illness pays out almost immediately, with a waiting period of 30 days for the person insured.

Speak to one of Erb and Erb’s financial advisors today about how critical illness insurance can fit in to your financial strategy and plan!  Or complete the form above and we'll be happy to provide you free, no obligation critical illness insurance quotes.