CRITICAL ILLNESS--THE RRSP PROTECTOR
I have been very vocal of late on Critical Illness Insurance. The statistics are staggering. It is said that 1 in 3 Canadians will suffer a critical illness in their lifetime. Look at the people in your home or place of work. Which one of you out of every 3 persons could it happen to?
It doesn't just affect the life of the person who's ill; it affects their loved ones as well.
In my time serving the insurance industry, i've heard a variety of reasons why folks don't purchase insurance or enough of it.
First, let me say that i believe in the products, which is why I purchase such products for myself and my family.
I've heard several over the years and my favourite is "I don't believe in life insurance". I submit that I have not heard of beneficiaries refusing to collect the proceeds to support that claim. There should be more insurance benefits refused if the statement matches the reality.