Critical Illness Insurance

A critical illness can happen to anyone:

  • One out of three Canadians has at least one critical illness (e.g. cancer, heart attack, stroke, Alzheimer’s disease, kidney failure, etc.)
  • It is estimated there are over 70,000 heart attacks in Canada each year.
  • There are between 40,000 and 50,000 strokes in Canada each year.
  • An estimated 3,075 Canadians are diagnosed with cancer every week.

When you are diagnosed with critical illness, the following may happen:

  • Family income will be reduced
  • Delayed treatment due to the long waiting list
  • Financial burden due to cost of medical care and medicine
  • Anxiety for yourself and your family

The physical and emotional strain of a critical illness can be severe, and when combining with the potentially damaged financial impact, the result can be devastating.

Critical illness insurance is a form of protection that can provide you with a lump sum payment if you suffer from a covered critical illness and the survival period is satisfied.

That is where the critical illness benefit comes in—you are free to spend the money as you wish—such as to help cover the income, to pay for private nursing or out-of-country treatment, for medical equipment or even to pay off your mortgage. You can focus all your energy on recovering without worrying about your finance.


Child Critical Illness Insurance

When planning for your children’s future, you also need to consider critical illness coverage. You may not want to even think about the possibility of your child becoming critically ill, but if it does happen, child critical illness insurance pays a lump sum benefit, after a covered critical illness is diagnosed and the survival period is satisfied. You are free to use the fund as you wish:

  • Take time off work and be with your child
  • Choose the better and faster medical care available around the world
  • Focus on your child’s recovery and not on other financial concerns/li>