As one of the licensed, noncommissioned insurance advisors with Doctors of BC, I meet with physicians every day to talk about member-exclusive insurance offerings. Critical illness insurance is now part of every discussion, though it is less understood than life or disability insurance.
Critical illness insurance was introduced to the insurance industry on 6 October 1983. The founder, South African cardiac surgeon, Dr Marius Barnard, identified a gap in the insurance industry through the care of his patients. Since then, critical illness insurance has been accepted into insurance markets around the world. These policies provide the insured with a tax-free, one-time predetermined lump-sum payment in the event you are diagnosed with one of the 25 illnesses covered under the policy.
You may wonder how this is different from disability insurance. While disability insurance is designed to replace your income, critical illness insurance is designed to help with costs so you can focus on your health. These costs may include medical treatment not covered by MSP or your extended health benefits policy, in-home care, modifications to your home, equipment to assist with mobility, or replacement of income from a spouse who is caring for you. If you are fortunate to have a speedy recovery, you can use the money to pay down debt or top up savings.
Doctors of BC offers a group term plan that is available to members, their spouses, and dependent children. In addition, our insurance advisors can offer policies from major Canadian insurers, should you want additional features beyond what the group plan offers, such as premium refund upon cancellation.
Critical illness insurance provides protection against expenses that can come with a serious illness, and it can give you peace of mind that, if you are diagnosed with one of the covered conditions, you will not derail your retirement savings plan or be faced with increasing debt to assist with recovering. Proof of good health is required at time of application to determine eligibility. Doctors of BC advisors are available to discuss coverage options that best suit your needs.
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Above is the information needed to cite this article in your paper or presentation. The International Committee
of Medical Journal Editors (ICMJE) recommends the following citation style, which is the now nearly universally
accepted citation style for scientific papers:
Halpern SD, Ubel PA, Caplan AL, Marion DW, Palmer AM, Schiding JK, et al. Solid-organ transplantation in HIV-infected patients. N Engl J Med. 2002;347:284-7.
About the ICMJE and citation styles
The ICMJE is small group of editors of general medical journals who first met informally in Vancouver, British Columbia, in 1978 to establish guidelines for the format of manuscripts submitted to their journals. The group became known as the Vancouver Group. Its requirements for manuscripts, including formats for bibliographic references developed by the U.S. National Library of Medicine (NLM), were first published in 1979. The Vancouver Group expanded and evolved into the International Committee of Medical Journal Editors (ICMJE), which meets annually. The ICMJE created the Recommendations for the Conduct, Reporting, Editing, and Publication of Scholarly Work in Medical Journals to help authors and editors create and distribute accurate, clear, easily accessible reports of biomedical studies.
An alternate version of ICMJE style is to additionally list the month an issue number, but since most journals use continuous pagination, the shorter form provides sufficient information to locate the reference. The NLM now lists all authors.
BCMJ standard citation style is a slight modification of the ICMJE/NLM style, as follows:
- Only the first three authors are listed, followed by "et al."
- There is no period after the journal name.
- Page numbers are not abbreviated.
For more information on the ICMJE Recommendations for the Conduct, Reporting, Editing, and Publication of Scholarly Work in Medical Journals, visit www.icmje.org