A critical illness, such as cancer, heart attack, or stroke, can disrupt your life, both physically and financially.

Critical illness insurance provides a lump-sum payout upon diagnosis, helping you cover medical expenses, lost income, or any other costs during your recovery.

This coverage offers financial support when you need it most.

How does it work?

✔️Provides a lump-sum payment: If you’re diagnosed with a covered critical illness, you receive a one-time tax-free payout.

✔️Covers serious illnesses: Typically includes conditions like cancer, heart attack, stroke, and other life-threatening illnesses.

✔️Helps with expenses: The payout can be used for medical bills, treatment costs, daily living expenses, or any other financial need during recovery.

✔️One-time payout: Coverage is paid out once, and the policy ends after the claim is made or the term expires.

✔️Optional add-ons: Some policies offer additional benefits, such as return-of-premium options or coverage for multiple claims.

Why do you need critical illness insurance?

It’s more common than you think

A serious, life-changing illness affects one in three Canadians in their lifetime.

It can cover daily costs

Use your payout to help with your expenses while you recover.

It is designed so you can focus on your recovery

The last thing you want to worry about when you are sick are your financial obligations.