The CATCA Safe Landing critical illness insurance program
Major illnesses like cancer, heart attack or stroke can strike at any time.
While improvements in medical treatments and technology can improve your chances of surviving a life-threatening illness, the impact of such an illness can last a lifetime. A severe illness can permanently reduce your physical or mental abilities — or your ability to cope with demanding or high-stress situations. For an air traffic controller, that can mean the end of a career.
Are you playing the odds?
The chances of experiencing a life-threatening critical illness are greater than you think. According to the Canadian Heart and Stroke Foundation and the Canadian Cancer Society, one in two people will contract some form of heart disease in their lifetime; one in three will develop some form of life-threatening cancer . Today, 95 per cent of heart attack victims survive the first attack and many cancer victims go on to lead healthy and productive lives. Other statistics are similar; one in 20 people run the risk of having a stroke by age 70 , yet 75 per cent of stroke victims survive their first stroke; one in four people develop kidney disease but transplant and dialysis treatments are increasingly successful.
Despite advances, recovery from a critical illness can take months, even years. Often, it involves major lifestyle or career changes and a major loss of income.
That's why you need Safe Landing critical illness insurance.
With critical illness coverage, you will receive a lump sum payment of up to $150,000 usually following the confirmed diagnosis of one of the following critical illnesses:
- heart attack;
- coronary artery by-pass surgery;
- multiple sclerosis;
- Alzheimer’s disease;
- motor neuron disease;
- Parkinson’s disease;
- severe burns;
- aorta surgery;
- benign brain tumour;
- major organ failure;
- loss of speech;
- occupational HIV infection;
- heart valve replacement; and
- major organ transplant.
The money can be used any way you like : for additional private medical treatments, an income supplement, debt settlement, even a vacation. Unlike a life insurance policy, you don't have to die to receive a benefit. Critical illness insurance pays a benefit following confirmed diagnosis of a specific illness or medical condition. And the money you receive is tax-free.
Spousal coverage also available
Your spouse can also receive a lump sum payment of up to $150,000 following confirmed diagnosis of one of the 21 covered illnesses. To apply for coverage for your spouse, simply have him/her complete and sign the spousal portion of the group critical illness insurance application from ACE INA Insurance.