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No one expects to get sick, but unfortunately many people will face a critical illness diagnosis this year. Even more concerning is that many Canadians are living paycheque to paycheque,1 and any interruption to their income could have devastating effects. That’s why it’s important to have Critical Illness Insurance to help meet financial obligations if you miss a paycheque due to a critical illness.

Flexible Spending
When you need to take time off from work for medical rehabilitation due to a critical illness, your bills still need to be paid. You might also have additional expenses related to prescriptions or medical treatments that aren’t covered by your employer or provincial health plans. Having the ability to spend a non-taxable insurance benefit as you see fit gives you the freedom to make financial decisions to help you recover.

Improved Quality of Life
After suffering a critical illness, you may require extended recovery time, including the need to hire a private nurse or install specialized equipment in your home. Often these costs are paid for by your family, and they can be prohibitively expensive. Since Critical Illness Insurance provides a lump sum benefit, you can improve your quality of life by ensuring you have all the medical equipment and support needed to heal without having to worry about how to pay for it.

Keep Your Savings Intact
Since numerous — and unexpected — expenses often come with a critical illness diagnosis, many people turn to their savings in order to cover their bills. This can put their financial future in jeopardy, delay retirement or even affect their ability to buy a home or a new car. Instead of spending your savings on treatment, recovery or rehabilitation should you suffer from a critical illness, purchase Critical Illness Insurance with an affordable monthly premium that can provide the coverage you need to help protect you and your family.

Hudson’s Bay Financial Services offers affordable Critical Illness Insurance that can help pay your bills related to your living expenses or recovery expenses after you suffer a critical illness. In addition, you’ll be able to earn up to 2,000 Hudson’s Bay Rewards points upon enrolment for insurance coverage and 4,000 Rewards points for paying your premium due at your annual renewal.2

Affordable insurance can help protect your family financially
in case of the unexpected.

Critical Illness Insurance is offered by Hudson’s Bay Financial Services and is underwritten by Chubb Life Insurance Company of Canada (“Chubb Life”). This information is for general information purposes only. Actual coverage is determined by the facts and circumstances of the particular loss and the terms and conditions of the policy as issued.

Chubb Life is part of the Chubb group of companies. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. Chubb Limited, the parent company of Chubb, is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index.

1 The Canadian Payroll Association. “Despite some economic gains, most employed Canadians continue to fall short of meeting their retirement savings goals.” Retrieved February 2, 2019 from https://www.payroll.ca/PDF/News/2017/NPW/CPA_NPW_Survey_-_national_news_release_-_2017_FINA.

2Earn 2,000 Hudson’s Bay Rewards points at enrolment and 4,000 Rewards points annually when you use a valid Canadian credit card to pay your premiums on a monthly basis.