Critical Illness

Today, many people survive a critical illness that may have been fatal 30 years ago. Many Canadians will develop a critical illness, survive and live longer and thus have to deal with the reality, including the financial effects of survival. 1 out of every 2nd person will be diagnosed with Cancer in their lifetime… 60% will survive. Critical Illness (CI) Insurance is a supplemental product which can lift the burden of the financial and emotional stress associated with a critical illness so that that the victim and his/her family can continue to lead their lives in as normal a way as possible. It is a product for the living, providing living benefits, as opposed to typical life or accident insurance plans, which provide benefits when an Insured Person dies.

Advantages of Critical Illness Coverage

  • The benefit is paid to the insured person
  • Benefits are tax-free under current Canadian law
  • The benefit can be used at the insured’s discretion
  • The coverage is complementary to other group benefits
  • Full recovery does not impact payment of the benefit


Types of CI Coverage

Basic Coverage:

  • 5 Basic/Primary Conditions- Life Threatening Cancer, Heart Attack, Kidney Failure, Stroke or Coronary Artery Bypass Graft

Comprehensive Coverage:

  • 31 Adult Covered Conditions as well as 16 Child Covered Conditions. Non Evidence Medical up to $100,000 Guaranteed Issue for Groups over 50 Lives.