Critical illness insurance
A critical illness or condition, such as heart attack, cancer or stroke, can turn your life upside down. It can affect you physically, emotionally and financially. It can also affect those close to you – your spouse, your family, your business partner.
Help protect yourself, your family and your business
Critical illness insurance can protect both you and those close to you from the financial effects of a critical illness. It may provide financial resources that can help pay for additional personal, family or business expenses that often accompany a critical illness or condition.
Health insurance and disability insurance may cover some expenses but not all. If you use your savings, RRSPs or loans to cover the costs, your retirement income may be affected and you could experience financial strain. Consider critical illness insurance as an important part of your financial security plan.
Critical illness insurance can provide you with a one-time lump-sum benefit to help cover additional expenses often associated with a critical condition such as:
- timely treatment outside Canada
- nursing or domestic help
- a recovery vacation or modifications to a home or office
