RBC InsuranceB. Critical Illness Recovery
PlanTM policy is designed as a perfect
complement to income protection coverage. It can be used
to cover additional expenses that may be faced if your
client is diagnosed and survives a covered Critical
Illness such as cancer, heart attack or stroke. Income
protection, on the other hand, is designed to protect
everyday living expenses.
Critical Illness Recovery Plan policies provide a lump sum
benefit so that your clients will have independence to
make meaningful decisions about their physical and
financial recovery while also protecting their standard of
living. They may use the benefit in any manner they
choose, such as:
- payments for their mortgage, business loans, other
debts;
- alterations to their home or automobile to
accommodate their special needs;
- protect retirement savings
- specialized medical treatment, private nursing or
child care;
- out-of-country or non-government covered treatments;
and/or
- anything else for which they wish to use the money.
