Critical Illness Insurance

Becoming critically ill can have a huge impact on your finances and personal life. Investing in critical illness insurance means that, if you fall critically ill, your essential finances will be taken care of so you can focus on becoming healthy again.

Critical Illness Insurance Brokers

Critical illness policies can be confusing – let Venture First Advisory help you find the one that works for you. As a Critical Illness Insurance Broker, we have years of experience in finding critical illness insurance policies that fit within your specific needs.

In the past, medical technology was not as good as it is today.  When people suffered a critical illness back then they tended to die and hence life insurance was more important.  Now, with medical advances, many people will survive.  The only problem is that their finances may not survive.  Loss of income, partially covered by disability insurance, but other non-MSP covered expenses such as hospital parking, spouse’s time off, some medication, out of country treatments.

A South-African Doctor by the name of Marius Barnard saw first hand the financial impact to his patients that he treated for critical illnesses.  For this reason he convinced insurers to offer coverage that would financially aid patients in the event of a critical illness.  Dr. Marius Barnard is considered to be the inventor of Critical Illness Insurance.

Today, there are two versions of Critical Illness insurance.  The first is a basic coverage that includes three to four conditions: Heart attack, Stroke, Cancer, and Coronary Bypass.  The second is an enhanced version that covers 25+ conditions.  An important condition in the enhanced version is the “Loss of Independent Existence” coverage.  In the event that an insurer person cannot perform 2 activities of daily living, such as eating or dressing, then full payment of the policy is made to the insured.