This service is delivered with the same commitment to confidentiality, cost-effectiveness, security and exceptional results that our corporate clients demand.
WHAT IS CRITICAL ILLNESS INSURANCE?
Critical Illness Insurance is a supplemental coverage option that offers a tax-free lump sum payment if you are diagnosed with, and survive a covered serious illness or condition helping you focus on healing — not on financial stress.
Unlike health insurance or disability insurance, critical illness insurance pays you, the policyholder, a tax-free lump sum if you’re diagnosed with one of the covered illnesses or conditions under your policy. You can use the payout however you choose: medical bills, experimental treatments, mortgage or rent, check off a bucket list item, travel for specialized care, childcare, or simply covering everyday living expenses during recovery.
WHAT IS COVERED BY CRITICAL ILLNESS INSURANCE?
Most policies cover 25 covered illnesses or conditions, with the 3 most commonly claimed benefits being:
- Life threatening cancer
- Heart attack
- Stroke
All plans also include early-stage conditions (e.g. less severe cancers) for partial benefits.
WHY YOU NEED CRITICAL ILLNESS INSURANCE
Gap protection: Your standard health insurance or provincial coverage may not cover everything — private nursing, rehab, medical equipment, or out-of-pocket costs can add up.
Income replacement: If you cannot work during recovery, the payout can help maintain your family’s standard of living.
Protect your savings: By having this coverage, you avoid depleting your savings or investment accounts when illness strikes.
Peace of mind: Knowing there’s a safety net if something serious happens can reduce stress and let you prioritize your health.
