If you outlive your policy term, the coverage expires, and no payout is made. However, you may have options to renew, convert to a permanent policy, or purchase a new plan.
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HipointFinancial
+1 (647) 335-5680 (Available 24 x 7)- Call back
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Office Address
5 Monterpelier St. Suite 202
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Contact Mail
info@hipointfinancial.com
Critical Illness Insurance
Critical Illness Insurance provides a vital financial cushion in the event of a serious medical diagnosis. This coverage is designed to help you focus on recovery—not finances—by offering a tax-free lump sum payment upon diagnosis of a covered critical illness. From heart attack and stroke to cancer and other life-threatening conditions, this policy ensures that you’re financially supported when you need it most.
With Critical Illness Insurance, you gain the flexibility to use the benefit however you choose—pay off medical bills, cover daily living expenses, access private treatments, or manage household costs during recovery. Policies are customizable, with a wide range of covered conditions and benefit amounts. It’s an essential layer of protection that helps ease the financial burden during life’s toughest health challenges.
Benefits of Critical Illness Insurance
Receive a lump sum payout after diagnosis, enjoy flexible usage of funds, and protect your financial stability during serious health events. Critical Illness Insurance gives you control and peace of mind when facing a medical crisis.
- Tax-Free Lump Sum Payout.
- Covers Major Illnesses.
- No Restrictions on Usage
- Customizable Coverage
- Helps Cover Medical & Living Costs.
- Speeds Up Access to Care.
- Supports Financial Recovery.
- Peace of Mind During Tough Times
Have You Any Question
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What happens if I outlive my Term Life Insurance policy?
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Can I customize my Term Life Insurance policy?
Yes! You can enhance your coverage with optional riders such as critical illness, accidental death, or disability benefits to better suit your financial needs.
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How much Term Life Insurance coverage do I need?
Your coverage should ideally be 10-15 times your annual income to cover living expenses, debts, and future financial needs like education or mortgages for your loved ones.