Reading this sentence has just given you Cancer.
We all know that's impossible. But it gets the mind freaking out just a little bit, right? Because, really, what would you do? You'd be too sick to work. You'd have treatment costs -- drugs, even hospital parking. Sure, you'd have some disability payments (about 2/3 of your income). But what if your spouse or family had to take time off work to look after you? What about child care?
The simple fact is that having a Critical Illness -- things like a Heart Attack, Stroke, Cancer, MS -- can be devastating on your health. In a lot of cases, people survive. But their finances, though, are devastated. ATA Group Critical Illness Insurance stops that from happening to you.
Now this time, let's imagine something else a little more fun. Let's say that you start a bank account tomorrow, and the insurance company starts a bank account at the same time. You put $5 a month into your bank account. The insurance company puts $50,000 into their bank account. If you get sick, you and the insurance company switch accounts. And you get their money tax-free. That's essentially what's happening here.
Covering 25 different conditions, ATA Group Critical Illness Insurance pays out 30 days after a diagnosis. It's one lump sum payment -- $25,000 up to $200,000 depending on the amount that you take out that can be used any way you like. It can cover your mortgage. It can replace salary. If things are really bad it can be that one last family trip. It is entirely up to you.
And because of the size of the Alberta Teachers Association group, we have been able to negotiate with insurers to create a plan that is incredibly affordable. And by "affordable", we mean "a few dollars per month".