Guaranteed Hospital Cash
The Coverage You Need When Hospitalized
Guaranteed hospital cash provides adequate protection to the insured when hospitalized. The insured will receive a cash payment of $25, $50, or $100 each day of hospitalization. In addition, the plan is very flexible and accords the insured the freedom to use the cash benefit for any purpose he deems fit. The coverage becomes effective immediately the insured completes his application.
BMO will pay your premium provided you are being paid your daily cash benefit and as long as you remain in the hospital for over 30 days in a row. The daily cash benefit amount for this plan decreases by 50% when you reach age 85 and the plan provides a lifetime coverage to a maximum of $50,000 provided you continue paying your premiums.
An Overview of the Top Features of Guaranteed Hospital Cash
Guaranteed hospital cash is for Canadian residents from ages 18 to 80. It offers a guaranteed acceptance and immediate protection. This means that you don’t need a medical exam or health questions to apply for this plan. In addition, the plan provides you an access to the Helping Hands program and the plan provides a 30-day free look which can be canceled anytime without any additional obligation.
- The plan is flexible and offers you the freedom to use the tax-free daily benefit any way you want.
- If hospitalized due to an accident or illness, the plan will provide daily benefits of $25, $50, or $100 a day.
- Your coverage will become effective as soon as you complete your application.
- The plan provides a lifetime coverage to a lifetime maximum of $50,000 provided you continue paying your premium. Further, once you reach age 85, the daily cash benefit amount will decrease by 50%.
- No medical exam or health question will be required to apply for the plan and also the plan offers guaranteed acceptance and immediate protection.
- The plan also offers a 30-day free look. This means that you have the liberty to cancel the plan any time within the first 30 days if you are not satisfied.
- Guaranteed hospital cash is for Canadian residents between age 18 and 80.