Thanks for this great video. Critical illness is an important tool for people to plan for these situations. So many people have benefited from this. It can provide $$ up front the family or person needs to pay for equipment in the house, modifications etc that can help the individual have a comfortable end of life. Better have it up front then after they pass away.
I don't have that number. Insurance companies are some of the most profitable in all of Canada so they certainly know what they are doing, so yes it'll be higher no doubt.
Thanks for this great video. Critical illness is an important tool for people to plan for these situations. So many people have benefited from this. It can provide $$ up front the family or person needs to pay for equipment in the house, modifications etc that can help the individual have a comfortable end of life. Better have it up front then after they pass away.
100% agree!
Ok they paid out 61 million, but why didn’t then mention what they collected. My guess is that markup was probably in the range of 300%
I don't have that number. Insurance companies are some of the most profitable in all of Canada so they certainly know what they are doing, so yes it'll be higher no doubt.
If they didn't collect more than they gave out, they would be out of business. They take on a lot of risk.