Critical Illness Insurance

A living benefit that provides a lump-sum you can spend on anything you want if you are diagnosed with a specified covered illness.

Critical Illness Insurance provides financial protection, helping you to stay focused on getting well.

What is Critical Life Insurance?

A Critical Illness insurance product pays a tax free lump sum benefit if the insured is diagnosed with one of up to 25 covered conditions and outlives the survival period specified in the contract.

This solution is for people who want a financial resource to help them cover additional expenses linked to recovery from a critical illness, such as time off work, traveling to receive treatments, home care, renovations, and the cost of treatments not covered by public health insurance.

You might already know someone who has benefited from the protection of Critical Illness insurance. It is also possible that you have not heard much about Critical Illness insurance. Either way, in the event of a catastrophic medical emergency, such as cancer, leukemia, a heart attack, stroke, or a seizure and much more, critical illness insurance may be your sole means of avoiding financial disaster.

Benefits of Critical Illness Insurance

Tax-free payout

A one-time benefit payment that you can use for whatever you need. Use your benefit to maintain financial stability.

Health experts opinion

Get world-renowned specialists help for you and your family at any time for any condition who can diagnosis, no matter where you live.

Additional help

Get help dealing with fear and anxiety and learn how to address the needs of the mind, body and spirit.

Why do you need Critical Illness Insurance?

Cover daily costs

You can use your payout to help with your expenses while you recover.

It's more common than you think

A life-threatening illness affects 1 in 3 Canadians in their lifetime.

Protect your retirement saings.

You dont have to dip into your retirement savings to pay for additional medical costs.

Focus on your recovery

You can concentrate on getting healthy knowing your benefits payment can help with your financial situation.

We're here to help.

Whether you’re ready to discuss your best insurance options or have questions about our services, I am ready to serve you by phone, in person or through virtual meeting.

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Critical Illness Insurance FAQs

How does critical illness insurance work?

Critical illness insurance pays a lump-sum benefit that you can use any way you wish when you are diagnosed with a covered critical illness and satisfy the survival period, as defined in the policy.

In addition, our critical illness insurance provides a range of additional benefits and assistance services to help you and your family find the best medical care, meet every day needs and cope with the stresses of a critical illness.

Who can apply for critical illness coverage?

You are eligible to apply if you:

Are age 18-65.
Are a Canadian citizen or permanent resident/landed immigrant who has been in Canada for more than 12 months, and
Have not been diagnosed with or treated for certain medical conditions.

How long will I pay critical illness insurance premiums and can they increase?

You will pay premiums until you reach age 65 or 75, depending on the policy you purchase. It is possible premiums could increase, depending on the type of policy you purchase.

Are medical questions or exams required to apply for critical illness insurance?

Possibly, yes. Depending on your age, the plan you choose, and the coverage amount you are applying for, you may need to complete a telephone interview and medical exams, as well as provide certain medical documentation.

What if I move from Canada or suffer a critical illness outside of Canada?

If you move from Canada, your coverage is portable, provided you were a resident of Canada at the time we issued your policy.

What happens if you don't experience a critical illness?

You can add a return-of-premium benefit to your critical illness insurance policy. If you don’t experience a serious illness after as early as 10 years, you can choose to get your money back. If you choose this option your policy expires.

Do you need critical illness or disability insurance?

Depending on your situation you may need only critical illness or disability insurance but there are many times when you need both to fully protect yourself.

Critical illness and disability insurance work together to help reduce the impact of disability or serious illness.