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.