For many people, critical illness insurance (CI) is a newer concept. They have likely heard of life insurance and understand some of the reasons why you would want to buy a life insurance policy. CI provides you with a financial security blanket in case you are diagnosed with a critical illness. You will receive a one-time, tax-free, cash payment that you can use without restrictions. You can use it to cover your normal monthly expenses, treatments and medications for your disease, to top up your kids’ education funds, your retirement savings, or really anything else you can think of. The premiums, like life insurance, are based on your age and health details, so locking in at a young age will help to secure lower rates and ensure guaranteed coverage, even if your health changes. Our Hometown Life team in Grimsby is ready to help you protect yourself and your family with CI coverage.