Critical Illness Insurance – A Forced Savings Plan

Protection from a major health event and a little forced savings for your healthy future self.

One of the unique features in the Canadian living benefit insurance market is the ability to receive all your premiums back if you don’t claim on the contract.

Did you know?

With this product, you get a cheque from the insurance company for every premium dollar you paid over the life of the contract. There is no other insurance product that allows you to receive all your premiums back if you don’t use it


In the below example, during the 35 years of coverage, you are entitled to $100,000 if you survive a major illness such as Cancer, Heart Attack, or Stroke. There are many more covered conditions, however, these three are the most common that people will claim on.

Major Illness Recovery BenefitFemale age 40
Coverage to age 75$100,000
Annual Premium$1700/year
Total Premium returned @ age 75$59,500

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