TD Insurance and stress expert Beverly Beuermann-King share how critical
illness insurance can help families avoid financial & emotional duress
TORONTO, Nov. 1, 2011 /CNW/ - Despite the prominence of cancer, stroke
and heart disease in Canada, a new poll by TD Insurance found that 65%
of Canadian parents with children still living at home don't have
critical illness insurance. About one-in-two Canadians will develop
cancer in their lifetime, and 1.6 million Canadians currently have
heart disease or are living with the effects of a stroke*.
"The good news is that thanks to medical advancements, many people are
surviving critical illnesses and living longer, fulfilling lives with
their families," says Dave Minor, Vice President, TD Insurance. "But
recovering from a serious illness can be expensive and other forms of
insurance may leave a gap in your coverage. Critical illness insurance
is designed to fill this gap and reduce the impact that an illness has
on a family's overall financial health."
Critical Illness insurance payments help free up money the insured can
use for health-related expenses - like physical therapy, medical
equipment, child care and babysitting services, or even home
modifications - to help the policyholder recover completely without
financial worries or lifestyle compromises.
"Suffering from a serious illness is an incredibly difficult time for
the patient and their loved ones," says stress and wellness expert
Beverly Beuermann-King. "There is so much to deal with - making
decisions about care, remaining financially stable and meeting the
family's day-to-day needs, all while coping with a myriad of emotions.
Critical illness insurance can help families get through that time. It
lets the family focus entirely on fighting and recovering from an
illness together, instead of worrying about how to make ends meet."
Minor says families should consider critical illness insurance as an
integral part of their household's overall financial health. "No one
plans to get sick, but it's important to ensure your family is covered
in the event that something unexpected happens. Everyone's situation is
different, so it's important to speak to an expert so that they can
recommend a policy that works for you and your family."
About the TD Insurance 2011 State of Insurance Report
TD Insurance commissioned Environics Research Group to conduct a custom
online survey of 1,000 Canadian adults. Results were collected between
March 5 - 13th, 2011.
About TD Insurance
TD Bank Group's insurance companies and operations carry on business
under the TD Insurance brand. TD Insurance offers a wide range of
products to help protect clients from the 'accidents of life' including
credit protection, life, health, travel, home and auto insurance. With
more than three million clients, TD Insurance authorized products and
services are available through a network of more than 1,000 TD Canada
Trust branches, the Internet and telephone. The TD Insurance brands
include TD Insurance Credit Protection and TD Insurance Life and
Health, which are the number one provider of critical illness insurance
and direct life and health premium origination in Canada. And through
its TD Insurance Meloche Monnex and TD Insurance Home and Auto brands,
TD Insurance is the largest direct-response insurance group in the
country. For more information, visit www.tdinsurance.com.
SOURCE TD Insurance
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