Before we get into the specifics of Manulife Lifecheque Critical Illness Insurance, let’s first make sure you know what critical illness insurance actually is.
Critical Illness Insurance is a type of health insurance product in which the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the specific illnesses on a predetermined list as part of an insurance policy.
In a nutshell, critical care insurance is there to make sure that you can afford care, medical equipment, make your payments if you’re unable to work, and much more in the event of a sudden unexpected illness or injury.
Lifecheque is the Manulife’s best comprehensive critical illness insurance product under the health insurance category. With this plan the insurer will receive a tax-free, lump-sum benefit after satisfying the waiting period if the insurer diagnosed with one of the 24 critical illnesses that listed in the plan. The insurer may receive partial benefit up to $50,000 in the event of a non-life threatening illness and a monthly care benefit if long term care need.
Critical illness could be worrisome especially if the sufferer has dependents. In most cases, rather than focusing on recovery, the sufferer may be busy putting things in place to take care of his dependents. However, with the Manulife Lifecheque Critical Illness coverage, you may enjoy financial flexibility and focus on recovery.
Help protect your finances and focus on recovery with Lifecheque Comprehensive Critical Illness Insurance
In the event of critical illnesses, You and your family may enjoy the benefits of Manulife Lifecheque Plan by covering the treatment expenses so that you can focus more on other important things. Besides the benefits obtained from the plan, it can be used for several other purposes such as extra expense management, debts, and mortgage payments, and for business purposes.
This popular plan has several benefits outlined below: