Critical Illness Insurance is offered to groups of employees, allowing employers to provide enhancements to their existing benefits package, dependent upon rate of employee participation.
This insurance covers additional expenses that employees may be faced with in the event of diagnosis and survival of a critical illness. Critical Illness Insurance provides the financial and emotional support required when an employee is faced with a critical illness, and is paid in one lump sum, even if they fully recover or never suffer a loss of income.
Offering Critical Illness Insurance in your benefits package also bodes well for employers in the following aspects:
Gives employers a competitive advantage: a unique approach that will make you stand out
Creates a value-added employee benefit program and makes employees themselves feel valued
Develops new opportunities by working with your existing client base
Provides more comprehensive solutions to clients and attracts new clients
Allows employers to control the premiums by choosing the policy design and benefit amount best suited to your company’s budget
Life Insurance, Critical Illness Insurance, Long Term Care Insurance: issued by Sun Life Assurance Company of Canada