Critical illness insurance

Getting sick isn't something any of us like to think about. But it happens. One in four Canadians will suffer a critical illness. Thanks to improvements in healthy living and advances in medical science the chances of survival are greatly increased. But getting better costs money. .

Critical illness insurance is a form of protection that can provide you with a tax free lump sum payment if you suffer from any number of covered critical illnesses and the survival period is satisfied. The physical and emotional strain of a critical illness can be severe, and when you combine that with the potentially damaging financial impact, the result can be devastating.

That's where the critical illness benefit comes in - you are free to spend the money as you wish - such as to help cover lost income, to pay for private nursing or out-of-country treatment, for medical equipment or even to pay off your mortgage. It can help you when you need it most so you can focus all your energy on recovering.