While a sobering statistic, it’s in your favor in the long run. Cancer, heart attack, or stroke happens to approximately one out of every two men and one in two women in Canada. While that’s certainly a scary diagnosis for any family, the good news is that advances in medical science are helping victims beat life-threatening illnesses like never before.
But what of the time during the illness or critical event? When getting a mortgage, we often hear about life insurance – but until now I had not considered additional insurance. This past year has certainly been one where I’ve had to reevaluate my perspective and focus, having lost my dad to cancer last summer.
Eighteen years ago, my dad was a business-owner and finally an empty-nester with me (the youngest, and favorite of course!) out of the house. After quitting smoking the year before, we were all surprised when he had a heart attack and spent some time in the hospital. I remember how worried we all were at the time, how irritable he was at his low-sodium food options, and how concerned we were about finances. He went back to his business far sooner than we’d all have liked, because he had to. Insurance wasn’t part of my parent’s mortgage plans and being self-employed, he had few options for help.
Little did I know back then that I would follow in his self-employment footsteps. I have learned valuable lessons from him, and, looking back to that time it occurred to me I’ve learned some lessons on what not to do as well.
TD Mortgage Critical Illness Insurance provides a benefit you receive while you are alive. It may pay a benefit if you fall victim to Cancer (life threatening), Acute Heart Attack, or Stroke. It does not matter if/when you recover. It can pay out up to $500,000 to your TD mortgage in the event of a covered critical illness, so you can concentrate on health, recovery, and family.
Having been through a critical event in our family, I have learned how important it is to have all your ducks in a row, and to ensure that you don’t sweat the small stuff. One of the many lessons my dad taught me was that there was no point in getting worked up over something beyond my control, but rather to figure out how to best work through the situation. With products like TD Mortgage Critical Illness Insurance, your family has some help should a critical illness impact you.
This post was sponsored by TD Insurance as part of the #InsuranceThatFits blogger program. The opinions on this blog, as always, are my own.
Thanks for sharing the story of your dad. Having critical illness insurance it’s so important.
I had never thought about having critical injury insurance before my brother in law was injured in a motorcycle accident a week ago. It has really opened my eyes along with your post about your dad Tenille!
I have mortgage insurance, it’s not very expensive and provides peace of mind just in case
We had and used Critical Illness insurance when the husband was diagnosed with Leukemia. We were thankful for it.
My mother passed away from cancer at 54 years and I wish she had had critical illness insurance because she couldn’t work & the stress of being broke just aggravated the cancer 🙁
i’m sorry for your loss. thank you for sharing this important information.
Insurance is one of those thing you think you dont need, until you do. It will save you stress if you invest now
Thanks for blogging about this!
It must have been such a difficult time for you. And even now, it must be hard to share. But thank you. It certainly brings home the point of how important this insurance is.
It’s difficult to even think of something so horrible can happen but having a piece of mind is always a better option and to cover yourself just in case. It happened to a close family friend of mine who was diagnosed with ALS and didn’t have critical illness.
I think sometimes we tend to forget that things like this can suddenly happen, having an insurance like this seems very helpful