Critical Illness Insurance

A critical illness, such as cancer, a stroke or a heart attack can be difficult enough to deal with professionally, emotionally and financially. Financial stress only worsens things. Critical illness insurance is designed to help you meet your basic financial needs when diagnosed with a critical illness.

With critical illness insurance, your insurance company will issue you a lump-sum payment once the waiting period has passed.

Benefits may be used to pay off debts, including mortgages or student loans, or treatments that aren’t covered under the Canadian medical system.

With a critical illness insurance plan, if you get sick, you can focus on recovery knowing that you will have financial support to help cover both medical and non-medical expenses during the time you are ill.

Critical Illness is also one of the only products left on the shelf that offers a ‘Return of Premium’ rider that can give you 100% of your premiums back if a claim is not made and you surrender the policy.