You have likely heard the advertising on television and elsewhere for Manulife's CoverMe product offering. CoverMe is their direct marketing effort for the policies know as FollowMe, Flexcare, Lifecheque Basic, and a Guaranteed Issue Life Insurance product. In this section we will detail the specific product Lifecheque Basic.
Few of us want to contemplate the reality of being diagnosed with a serious illness. Even fewer of us have given any thought to how we'd cope financially. And although the odds of surviving a critical illness are better than ever, consider these statistics*:
An estimated 70,000 heart attacks strike Canadians every year
Canadians suffer from more than 50,000 strokes per year.
On average, 3,300 Canadians will be diagnosed with cancer every week
Living with a critical illness can be a huge challenge - not only physically and emotionally - but also financially. During your recovery, you may end up having to pay for healthcare services, special drugs and supplements, and homecare expenses not covered by your government health insurance plan. You might even have to travel, to get the medical attention you need. Add all of this to your regular household bills, and the financial consequences of surviving a serious illness could add up very quickly.
You can't predict the future, but you can be prepared for it!
If you are looking for an affordable, simple solution to meet your need for critical illness insurance, Manulife has the answer. Lifecheque Basic offers critical illness protection at a low cost, and with a hassle-free application process.
Lifecheque Basic is a simplified critical illness insurance plan that provides a one-time benefit upon a diagnosis of one of the five most common conditions: heart attack, stroke, cancer, aortic surgery and coronary bypass. It requires no underwriting or medical tests, only a signed declaration of good health. Exclusions and restrictions apply.
Manulife's Lifecheque Basic Critical Illness Insurance offers:
- Coverage for 5 major illnesses including cancer, heart disease, stroke, aortic surgery and coronary artery bypass surgery.
- Lump sum payments of $25,000, $50,000 or $75,000 with a Return of Premium option.
- Coverage for applicants between the ages of 18 and 75.