Why Critical Illness Insurance


Critical illness insurance is an insurance policy which will pay out a tax-free cash lump sum to you in the event that you suffer a major illness or health condition. As life expectancy increases due to improvements in the early diagnosis and treatment of conditions such as heart disease and cancer, those living with the after-effects of such health problems has increased and, for many, the burden of extra costs associated with such illnesses can be significant. Such costs can include the need to make up for lost or reduced income while you were too ill to work (or for your spouse to take care of you), paying for caregivers, modifying or purchasing new cars, houses or other equipment to support your needs to name but a few. With the Canadian Cancer Society recently reporting that the survival rate for cancer is now over 60%, with many other cancers far exceeding this rate, considering how you would cope financially in such a situation has become a pressing concern for many.

Below are some key features of critical illness insurance policies:

  • There is usually a waiting period on the policy i.e.: a time by which you must survive your illness following the initial diagnosis, before the policy will pay out.
  • The policies usually cover most major illnesses such as serious heart conditions, cancer, strokes, blindness, deafness, paralysis and others.
  • There are no conditions on how you use the payment – once the lump sum has been made to you, you are free to use it as best suits you and your family. It is known as a “living benefit” as the lump sum is paid to you as the policy holder, instead of to a beneficiary.

In contrast to disability insurance, critical illness insurance is paid even if you are able to return to work following your diagnosis.

Talk to us, we can help determine what makes the most sense in your situation.

Disability Insurance

Why should you consider personal disability insurance?

  • Worker’s Compensation only covers work related accidents.
  • Unemployment insurance only covers 15 weeks.
  • Canada Pension Plan: Are you comfortable relying on the government for a benefit that can change?
  • Group and association coverage can fill a valuable role in long-term disability protection. (However, the benefit may be limited by the definition of disability and coverage amount.)

What is disability insurance?

Disability insurance provides you with a portion of your income in the event that you suffer from an illness or accident which means that you can’t work, either temporarily or on a permanent basis.

Studies show that you are actually more likely to sustain a disability during the course of your working life than to die whilst of working age. A disability can have a dramatic and long-term impact on your earning potential – in fact, the Council for Disability Awareness has found that the average absence from work for a long term disability is nearly three years.*

Life Insurance


At different stages of life, the need for life insurance will vary, here’s a list of reasons for life insurance:

  • Young Singles/Young Couples- cover off any debt including debts with co-signers,  final expenses, does your family history have significant health issues?
  • Young Family – debts, mortgage, final expenses, ongoing income needs, education fund
  • Maturing Family- debts, mortgage, final expenses, ongoing income needs, education fund
  • Pre-Retirees- debts, mortgage, final expenses, ongoing income needs, final taxes
  • Retirees – debts, final expenses, leave a legacy, final taxes

Bruce Baker -NOT a Coach … a Business Builder

Scaling your business significantly and changing your life to one of balance and prosperity should not be complex and out of reach! Traditional business coaching and consulting are dead, and it’s time that business owners take back control and prosperity in their lives and see what they are truly made of!

I partner closely with business owners and their leadership teams to grow their businesses geometrically. I am on a mission to show business owners that their business has the potential to be so much more and the ability to grow their business does not have to be like “splitting the atom”!

I am a true follower and scholar of execution and most importantly, not satisfied until my clients see results, results not because we achieved them, but because we guided our clients in doing so! We aim to work ourselves out of a “job”, so we leave our clients with a business they never thought possible.

Douglas L. Fleshman

I was born and raised here in the Edmonton area, worked 20 years in the grocery industry, 10 years with IGA (Asst. Manager) and 10 years with Planet Organic Market (Store Manager of Edm. South). I have always been a handy guy and had the passion for quality construction. In 2009, I finally made the plunge into custom residential construction where I stayed until 2013. At that point, I knew what I wanted to do the rest of my life. I wanted to be a Home Inspector. With all the customer service and residential construction training and experience, I felt perfectly matched for this profession. In addition to my professional qualifications, I have the personality to match. I am hard working and honest, take pride in what I do, and have an unmatched passion to do the best job I can. I not only want to be the best Home Inspector, but I want to be the best Home Inspector for you.

David Watson – Home Inspector

David Watson is a member of InterNACHI and has achieved the designation of Certified Master Inspector (CMI) through the Master Inspector Certification Board, Inc. He is fully licensed in the province of Alberta.

David brings a wealth of knowledge to each home inspection. He takes great pleasure in educating his clients – from the operation of the home’s components to maintenance tips – in a clear, easy to understand manner. His findings are recorded in a detailed inspection report book for the client to keep. 

“I take great pride in knowing I’ve helped clients expand their knowledge, allowing them to make an informed decision on one the biggest purchases in their life.”

Canadian Residential Inspection Services raises the bar in the home inspection industry when it comes to professionalism, code of ethics and conduct. All our inspectors receive intensive training and on-going support to ensure you receive a thorough, unbiased, professional inspection. Canadian Residential Inspection Services has the most user-friendly, comprehensive reporting system in the industry.

When you choose Canadian you receive your inspection report on-site at the time of the inspection as well as a personal consultation with the inspector.

Serving the communities and surrounding areas of Sherwood Park, Cooking Lake, City of Fort Saskatchewan, Strathcona County, Androsson, Collingwood Cove, Antler Lake, Josephburg.

Tong (Michael) Chi – Lawyer

WE’D LOVE TO HEAR FROM YOU!

#111, 9440 – 49 Street
Edmonton, Alberta
T6B 2M9

Hours: 9:00am – 5:00 pm
Monday to Friday

Phone: (780) 450-2929
Fax: (780) 462-1672
Toll Free: (800) 685-9826
*for within Alberta only
#111, 9440 – 49 Street
Edmonton, Alberta
T6B 2M9

Hours: 9:00am – 5:00 pm
Monday to Friday

Phone: (780) 450-2929
Fax: (780) 462-1672
Toll Free: (800) 685-9826

Kolossus Enterprises

Paul shares how he can help businesses with their marketing and find processes that can be automated, saving time and maximizing profits – letting business owners work ON their business, instead of IN their business!