Surviving a major illness isn’t the end of the story — it’s often the beginning of a whole new financial challenge.Every year, thousands of Canadians survive cancer, stroke, and heart attacks. Recovery can take months (or years), and the bills don’t stop. That’s where critical illness insurance can change the outcome: it pays a tax-free lump sum so you can focus on recovery without worrying about cash flow.If you want to see what coverage you can qualify for and what it would cost, book a discovery meeting here:safepacific.com/discoveryIn this video, Laurent Munier (Safe Pacific Financial) breaks down how critical illness insurance works in Canada, what it covers, who it’s for, and how to choose the right amount of protection as part of a smart financial plan — especially if you’re incorporated, self-employed, or a high-income professional.Join the conversationIf this video helped you:• Like the video• Subscribe for weekly Canadian insurance + wealth strategy breakdowns• Share it with a business owner or professional who relies on their income• Comment below with your questions — we read and replyTimestamps00:00 Why surviving an illness creates a financial problem00:19 What critical illness insurance does (tax-free lump sum)00:28 Meet Laurent + what you’ll learn in this video00:47 What critical illness insurance is (and how it differs from disability/health coverage)01:21 What makes it valuable: what the lump sum can actually be used for02:06 Why lowering stress matters during recovery03:27 What critical illness insurance covers (the big conditions)05:03 Why most claims come from a handful of conditions05:53 How we compare carriers and plan features (definitions, return of premium, waiting periods)06:40 Who should consider it (incorporated, self-employed, families, business owners)08:26 Using CI for debt protection, private care, and medical travel09:50 The “hidden” costs people don’t plan for (family travel, parking, meals, logistics)10:42 Why getting coverage while you’re healthy matters (risk stats and planning)11:34 How much coverage do you need (rule of thumb + real life factors)15:32 Common coverage amounts (group plans vs personal coverage)16:37 What critical illness insurance costs (what impacts pricing)17:53 What the application process looks like18:24 Return of premium: how it works and when it may or may not fit19:32 Where CI fits inside a financial plan (protection → savings → growth → tax/estate)20:31 A practical story: why insurance changes recovery decisions21:37 Next steps: get quotes, compare options, and book a discovery meetingBook a discovery meeting: safepacific.com/discoveryGET STARTED NEXT STEPS https://safepacific.com/discovery-schedule/SUBSCRIBE https://www.youtube.com/safepacific?sub_confirmation=1INSTAGRAM https://www.instagram.com/safepacific/LINKEDIN https://www.linkedin.com/company/safe-pacific-financial