1-877-443-0101, 416-493-0101
 
HomeContact us
Have  a Broker Call You !

Insurance :   Life  |  Mortgage Protection  |  Critical Illness   |  Disability   |  Health & Dental Benefits |  Group Benefits for Small Businesses

Visitors to Canada | Super Visa | Travel Insurance for CanadiansSnowbirds & Seniors | International Student | Canadian Student - Study Abroad

 

 

Get a Quote

 

   

  Critical Illness Insurance

 

                Insurance for Life and Recovery

 

Critical Illness Insurance  - Key Features

Get information, quotes for Critical Illness insurance and choose your best plan with Canada's top insurance companies: Manulife Financial, BMO Insurance, Equitable Life of Canada, RBC Insurance, Industrial Alliance, Canada Life and other.

  Get a Quote  

 

 

   CI Insurance plans available

 

   Non-medical Critical Illness

   Guaranteed Issue Critical Illness

   Critical Illness Insurance for Children

Critical Illness Insurance provides a cash benefit if the insured is diagnosed with one of critical illnesses as defined in the contract and survives the survival period. Money is yours when you need it. The policy terminates when the critical illness benefit is paid. You also have an option to get all premium back  if there is no claim until the policy expires.

 

A Critical Illness Insurance policy can be issued for individuals of age up to 65 and provides coverage amounts ranging from a minimum of $5,000 to maximum of $2,000,000.

 

Insurance rates depend on the insured's age, smoker/non-smoker status, gender, insurance amount and plan type. In various plans premiums may increase with the age of the insured (T10 and T20 term plans), or remain level to age 65, or 75, or 100. Click here for more information about critical illness plans available.

 

You can apply for:

-  Medically underwritten plan (detailed medical questionnaire is required and medical tests may be requested);

-  NON-medical plan (simplified medical questionnaire is required); and

Guaranteed issue plan (no medical questions, medical declaration may be requested)

 

 

Covered Critical Conditions

Critical Conditions covered

 

Your can choose an economical solution, offering coverage of the 3-5 most common conditions. Most policies provide coverage for up to  25 critical conditions.

 

Many policies also offer  coverage for non-life-threatening medical conditions medical conditions. If the Insured is diagnosed with one of the covered conditions, the company pays a portion of the Critical Illness Benefit (usually, it is up to 10%-15% of the insurance amount but no more than $25,000-$50,000). If this part of the Benefit Amount becomes payable, the policy remains in force but the insurance amount of the policy is then reduced immediately by the claim amount payable for this benefit.

 

Critical illness insurance polices issued for children may also cover several conditions specific for childhood:  Autism, Cerebral Palsy, Congenital Heart Disease, Cystic Fibrosis, Muscular Dystrophy and Type I Diabetes Mellitus. Learn More and Get Your Instant Quote Online >>


Optional Benefits and Riders

Critical Illness insurance may also include the following optional benefits:

Return of Premium upon Death Benefit.

With this insurance, if the Insured dies without having made a claim for a covered illness, all premiums paid for this coverage (but not exceeding the insurance amount) will automatically be returned.

Return of Premium on Expiry Rider

If at policy expiry, you have not claimed your critical illness benefit, and your Critical Illness Insurance policy is still in force, you will receive your premiums back.

Return of Premium on Surrender Rider

The policy owner can terminate the coverage and receive total or partial refund of premiums  paid since the coverage was issued. Generally, refund of premium is available after the policy being in force at least 10 years.

Best Doctors®
Many insurance companies offer access to the services of Best Doctors®, a company that can help you find and access treatments and medical experts that you might not otherwise be aware of. For example, if an Insured travels to the United States for treatments or surgery, Best Doctors® will arrange all bookings and reservations. However, the Insured is responsible for the cost of traveling, lodging, hospital and medical appointments as well as medical treatments.

Riders - additional coverage

- Term Life Insurance Rider provides level life insurance protection with guaranteed rate renewing every 10 or 20 years.

- Disability Waiver of Premium Rider: if the policy owner has purchased this Rider, the insurance company covers his/her insurance premiums if he/she becomes disable. 

- Children's rider: this kind of protection is available for children between the ages of 0 and 17 inclusive, whose parent has the Critical Illness insurance coverage and buys the children's rider.

 

Non-medical Critical Illness Insurance

Get Your Best Quote from Various Insurers

 


Non-medical plans do not require medical tests at the time of application. However, you have to complete a simplified medical questionnaire to determine your eligibility for this critical illness insurance plan. 

Insurance companies issue term non-medical life insurance plans (T5, T10, T20 ). Amount of coverage depends on the plan and the applicant's age and usually does not exceed $300,000.

 

Manulife Financial: Lifecheque® Basic offers  coverage up to $75,000 for 5 insured critical illnesses: cancer, heart attack, stroke, coronary artery bypass surgery and aortic surgery.

Simple medical declaration is required. The declaration requires you to confirm that you are in good health and  have not experienced signs or symptoms, consulted your doctor or had abnormal tests related to the covered critical illnesses: Get information, instant quote & buy ONLINE .

 

Humania Assurance : Critical Illness insurance without medical exam offers coverage for up to $300,000 for cancer, stroke, heart attack .

To purchase: no medical exam required. You have to answer six simple eligibility questions to determine your eligibility.  If you are eligible, the cost of your insurance will depend on your answers to several questions about your health: Get Your Instant Quote Online

 

Simplified (Non Medical) Critical Illness is available from Empire, Desjardins, Equitable Life, Foresters, Industrial Alliance, RBC Insurance.

Get Your Best Quote from Various Insurers

 

 

Guaranteed Issue CI Insurance

No medical questionnaire required

Get a Quick Online Quote

The Edge (underwritten by Chubb Insurance company) with coverage up to $25,000 for 19 insured critical illnesses does not require a medical questionnaire on the application: Learn  more>>>

 

 

Critical Illness Insurance for Children

Humania Assurance : Children360 Critical Illness insurance offers coverage for 37 critical conditions including 7 childhood critical illnesses. Children from 30 days to 15 years of age may be covered under this plan. Amount of coverage is from $10,000 to $50,000. Premiums are guaranteed level to age 75 when the policy expires. Check Premium rates. Return of premium rider is available.

To purchase, the policy owner must answer 5 edibility questions and 10 insurability questions.

Calculate your premium now.

 


Statistics show that Canadians are living longer. As people live longer, there is a higher potential to be affected by a serious illness or injury. Thanks to improvements in health living and medical science, there is a good chance you will recover and get on with your life. Critical Illness Insurance is designed to help you with unexpected. It provides a cash benefit, which you can use any way you want, for example:

- Pay off your mortgage

- Replace lost income

- Hire a nurse or caregiver to help you at home

- Find the best health care available - anywhere

- Take a vacation or reduce your workload to help you recover

- Business purpose

 

Call us at 416-493-0101, 1-877-443-0101 for more information, free consultation and free quotes - Choose a contract, which is right for your needs!

 

If you have any questions or concerns feel free

Ask a Question

 

 

Investments:     RESP    |  Canada Education Savings Grant  |    Canada Learning Bond    

                            RRSP   |  Home Buyer's Plan    |    Lifelong Learning Plan   |   Spousal RRSP 

 

Revised: May 11, 2018