Critical illness insurance

Critical illness insurance can help reduce financial stresses at a critical time in your life, and can complement disability and life insurance protection needs. It offers you and your family – as well as your business – the financial resources to help pay for additional expenses often associated with a critical illness or condition.

The advantages of critical illness insurance include:

• A lump-sum benefit that you can use however you wish (e.g. to make mortgage payments, seek medical treatment outside Canada, help your business continue in your absence)
• Coverage for up to 25 critical illnesses or conditions
• You may receive payment even if you’re not disabled from work
• Options are available that provide a return of premium benefit
• Individuals unable to obtain disability insurance for various reasons can, in some cases, still qualify for critical illness coverage (e.g. a non-income earning spouse)