Critical Illness Insurance

Coverage When It Counts
It’s insurance coverage where, if you’re diagnosed with a covered critical condition, you receive a lump-sum payment. You decide how to spend this cash. For example, if you can’t work because of your illness, this money can help cover lost income, pay the bills or cover any treatments you might need.

How it can help you

✔️ Life is full of surprises – how you spend your money shouldn’t be one of them.

✔️ Planning ahead can ease the burden of a critical illness – Unexpected health problems can throw your plans and goals off track. Getting sick can be expensive, and not all bills will be covered by provincial health plans.

✔️ Critical illness insurance can help you keep more of your money – You’ve achieved success by working hard and making wise financial decisions. It means you can enjoy your wealth how, and when, you want. But have you considered how an unexpected illness might affect your financial plan? A surprise like this could throw off your goals, and you might not be able to use your money how you intend.

✔️ Use extra money during a critical illness – You can use insurance to transfer some of the financial risk of a critical illness from you to us. Instead of spending your hard-earned money on medical bills and other costs, we’ll be there to help provide the flexibility you need to maintain your plan.

✔️ Return-of-premium allows you to get back up to 100%of the premiums you’ve paid – When you buy a critical illness insurance policy, you can add an optional return-of-premium benefit that could give you back up to 100% of the premiums you’ve paid, at a designated point in time, if you don’t make a claim on the policy.

      1 in 2 men and 1 in 2.2 women in Canada will develop cancer in their lifetime. Every year, there are more than 70,000 heart attacks in Canada and more than 62,000 strokes.

      No one expects to get sick, but serious, life-changing illnesses can emerge unexpectedly. Critical illness insurance pays you a tax-free one-time lump-sum benefit – which you can use however you choose – if you experience a covered critical condition.

Common Covered Conditions

  • Acquired brain injury
  • Aortic surgery
  • Aplastic anemia
  • Bacterial meningitis
  • Benign brain tumour
  • Blindness
  • Coma
  • Coronary artery bypass surgery
  • Deafness
  • Dementia, including Alzheimer’s disease
  • Heart attack
  • Heart valve replacement or repair
  • Kidney failure
  • Life-threatening cancer
  • Loss of limbs
  • Loss of speech
  • Major organ failure on waiting list for transplant
  • Major organ transplant
  • Motor neuron disease
  • Multiple sclerosis
  • Occupational HIV infection
  • Paralysis
  • Parkinson’s disease and
  • Severe burns
  • Specified atypical Parkinsonian disorders
  • Stroke

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