More men than women shop online for critical illness insurance, kanetix study reveals

TORONTO, March 29, 2007 – Today, kanetix (www.kanetix.ca), Canada's insurance marketplace, released the results of a study that show in 2006, 66 percent of the online critical illness insurance quotes obtained through www.kanetix.ca/critical-illness-insurance were for men.

“Like life insurance, shopping online for critical illness insurance quotes appears to be favoured more by men than women,” muses Gregory Ellis, Co-founder of kanetix. “However, despite what the makeup of the individuals getting online quotes suggests, the need for critical illness insurance is not gender-specific. Hundreds of thousands of Canadians suffer and recover from serious illnesses each year and that’s where critical illness insurance helps.”

A unique product, critical illness insurance provides a lump sum payment to help with the cost of recovery should the insured become critically ill during the term of the policy. It is often used to help maintain a pre-illness lifestyle. The lump sum payment comes at a time when it’s needed most, to be used in any way. This can mean covering extra health care bills, alternative medicines, business expenses, pay off debts or a mortgage, home renovations or treatment abroad – there are no restrictions on how the money can be spent.

In general critical illness policies cover conditions like cancer, heart attack, stroke, paralysis, organ transplants, Multiple Sclerosis, Alzheimer’s, Parkinson’s, and coma. While most critical illness insurance policies cover many of the same conditions, there may be some variations, so shopping around is key.

Through www.kanetix.ca/critical-illness-insurance, a person shopping for critical illness insurance can quickly get quotes by answering 5 simple questions, plus the shopper’s name, phone number and email is not required. This is one of the advantages the kanetix critical illness insurance quote service offers, it means consumers can shop anonymously until they are ready to take the next step.

About kanetix
Launched in October 1999, kanetix is Canada's only national, online insurance marketplace. The kanetix insurance information and shopping service brings consumers and insurance companies together in a one-stop shopping environment. Each day, thousands of consumers visit the kanetix website to compare insurance quotes from a variety of Canadian insurance companies. Users can select the insurance quote of their choice and choose to complete the application for coverage online or purchase their policy over the phone.

In addition to the insurance marketplace, kanetix is the leading provider of online insurance quotation technology and develops online quotation systems and websites for some of Canada's leading insurance providers.

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For more information, please contact:

Gregory Ellis
Co-founder, kanetix
1-888-854-2503
www.kanetix.ca