Critical Illness

Caring for your finances when you need to focus on wellness

A serious diagnosis can be a devastating journey for a family. Unfortunately, it can also be a very expensive one. You and your family need to focus most on getting you back to health, and less on worrying about money, and critical illness insurance helps ease the financial burden associated with severe illness.

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Why critical illness insurance?

Covering the cost of care

Treatment of critical illnesses are often quite expensive and isn’t always covered by your group benefits or provincial health plan.

Income replacement

A life-altering illness means that you and the loved ones who are supporting you may be unable to work, and this coverage helps bridge the gap created by lost wages.

Low cost for peace of mind

The relatively low cost for a critical illness policy means that it won’t detract from your financial situation and is available in the event that you need it.

Any questions?

  • What types of critical illnesses are covered?

    Critical illness insurance covers life-altering medical conditions like cancer, heart attack, stroke and more. For specific inquiries about what illnesses are covered, a member of our team would be happy to have a more in-depth conversation about your specific needs and concerns.

  • Is the payout only applicable to medical expenses?

    No! The money that you receive from your critical illness plan can be directed to any expense you wish. Whether it be covering treatment costs, replacing lost wages, paying for day-to-day living expenses, it’s up to you to determine where the funds can best support your path to getting well.

  • Should I invest in a critical illness policy while I’m young and healthy?

    Absolutely! Like all forms of insurance, you will want to proactively have the coverage in place. While we hope you will never need to use it, investing in the coverage early means that you will always have peace of mind in knowing you’re protected from the costs associated with an unexpected, life-altering illness.

  • Will I pay taxes on the lump sum payout?

    Traditionally the lump sum payment received through a critical illness policy is not taxable. 

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