Freedom 55 Financial

Protection from the unexpected

The risk of getting a life-threatening illness is very real. That’s why you need a plan.

When it comes to cancer, heart attack or stroke, you may think: “That couldn’t happen to me.”

But the truth is, the risk of experiencing a life-threatening illness is very real. Did you know:

  • Two out of five Canadians will develop cancer in their lifetime?1
  • Every four minutes, someone in Canada is diagnosed with cancer?1
  • More than 400,000 Canadians live with the long-term implications of a stroke?2
  • Your financial security plan can include protection for the unexpected?

Chances are you know someone who’s experienced cancer, a heart attack or stroke. Most of us have. A critical illness can affect almost anyone – including people who are in otherwise perfect health.

While it’s not fun to think about what might happen if you, your spouse or child experience a critical illness, it’s important to have a plan in case the unexpected occurs. This plan should help ensure you/your family can:

  • Pay important bills (mortgage, hydro, gas)
  • Cover medical expenses not covered by government or workplace health benefit plans
  • Afford alternative treatments to help with recovery
  • Avoid dipping into retirement funds or savings to cover expenses
  • Concentrate on recovery, rather than worry about finances

A Freedom 55 Financial security advisor can help you create a plan – including critical illness insurance – to help protect yourself and your family from any financial, or non-financial issues that might come up.

1 Canadian Cancer Society, "Cancer statistics at a glance", http://www.cancer.ca/en/cancer-information/cancer-101/cancer-statistics-at-a-glance/?region=on.

2 Heart & Stroke Foundation, "Statistics", http://www.heartandstroke.com/site/c.ikIQLcMWJtE/b.3483991/k.34A8/Statistics.htm#References.


The information provided is based on current laws, regulations and other rules applicable to Canadian residents. It is accurate to the best of our knowledge as of the date of publication. Rules and their interpretation may change, affecting the accuracy of the information. The information provided is general in nature, and should not be relied upon as a substitute for advice in any specific situation. For specific situations, advice should be obtained from the appropriate legal, accounting, tax or other professional advisors.


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