Critical Illness Insurance
Protection when it matters most
You shouldn't have to worry about money when facing something as serious as a critical illness. Critical illness insurance can protect you from any negative financial impacts, so you can focus on recovery.
A one-time tax-free benefit payment that you can use for whatever you need.
Get access to medical experts who can help aid in your recovery.
Receive counselling and other professional services while you recover.
Renew your policy for an additional term or convert your policy to permanent coverage with no medical underwriting.
What is critical illness insurance and how does it work?
Critical illness insurance provides a tax-free lump-sum benefit payment in the unfortunate case of being diagnosed with a critical illness. Each insurance carrier will offer coverage for various types of critical illnesses. Some examples of a critical illness are cancer, heart attack, and stroke.
There are several types of coverage options that range in term, benefit amount, and additional features. You can either get temporary coverage for a set amount of years or permanent coverage for life. You typically pay the same premium for the duration of the policy, though there are options to 'pre-pay' for your coverage in a shorter amount of time.
Factors that Influence Coverage Costs
How Do I Determine What Coverage I Need?
One of our Insurance Specialists can help determine the appropriate coverage needed but below are some factors to consider.