A serious illness, such as cancer or heart attack, affects one-in-four women and one-in-five men before retirement age. Critical illness insurance is designed to ease the financial pressures by paying a tax-free lump sum if you become seriously ill or totally disabled. You must normally survive at least one month after becoming critically ill, before the policy will pay out.

A critical illness can happen to anyone. And it does happen too many. Canadians are more likely to experience a critical illness than they are to die before the age of 75. Critical Illness Cover is an insurance plan that pays out a guaranteed cash sum if you’re diagnosed as suffering from a specified critical illness, within the term of the plan. The plan has no cash-in value at any time.

The cash sum you’d receive from a critical illness plan could help you through the recovery period. It offers you choices and allows you to recover on your own terms.

But to get back on your feet has a tendency to be expensive and time-consuming. To protect yourself, and shelter your family’s future, critical illness insurance is there so that you continue to be financially safe until you are able to go back to work and produce wages.

You can add Critical Illness Cover to one of our life insurance plans to provide extra protection against the unexpected. The cost of your cover will depend on the level and period of cover you select as well as your personal circumstances.