Critical Illness Insurance

This is insurance protection that guarantees the payment of a tax free lump-sum benefit following the diagnosis of a critical illness. It offers financial support to help maintain your quality of life during recovery, and is an excellent tool that complements every financial plan.

Critical illness protection is for people who want to maintain their quality of life by protecting themselves from the financial strain caused by a critical illness. It gets paid during the insured's lifetime. The benefits critical illness provides fill the financial gap between your provincial health insurance plan and the substantial expenditures that result from such an illness.

It's important to remember that provincial health insurance plans don't cover many expensive and important medical treatments. Within about 30 days* after a critical illness diagnosis, you'll receive a tax-free, lump sum payment you can use any way you wish, with no restrictions.

With critical illness, you can choose a plan that guarantees your premiums won't increase. You can obtain protection ranging from $10,000 to $2 million, and you may surrender your insurance and obtain a refund of your premiums.*

*Certain conditions apply.