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Critical Illness Insurance
This insurance provides financial assistance so you can maintain your standard of living and focus on recovery in the event of a diagnosis of critical illness. Insurance created with you in mind.
What is critical illness insurance?
Being diagnosed with an illness is something that can have a negative impact on your personal and family finances. Critical illness insurance provides you with financial assistance so you can maintain your standard of living and focus on what matters—recovery.
Our products cover the critical illnesses that affect Canadians the most. If you are diagnosed with a critical illness that is covered by your policy, you will receive a tax-free lump sum payment to help you cover the costs of the illness. You can use the money as you see fit, without having to justify how you spend it!
Critical illness insurance benefits:
- The benefits you receive are not taxable
- You do not need to justify how you spend the money—you can use it as you see fit
- It helps you cover additional expenses caused by the illness (medications, adapted equipment, experimental treatments not covered by public health insurance, rehabilitation costs and other private medical expenses)
- It helps you cover your financial commitments if you experience a decrease or loss of income
- You can use the money for home care for you and your family, such as meal preparation and homework help
- You can use the money to provide some financial flexibility as you recover so that you can work part time or extend your sick leave to take some time for yourself
Coverage adapted to your needs
Transition
This insurance offers a number of coverage options depending on your needs. It covers diseases such as cancer and stroke, but also other conditions such as paralysis, various childhood conditions, and loss of autonomy. Make sure you are fully covered with Transition.
Find out about TransitionCancer Guard
Cancer Guard is a simplified issue product designed to protect your finances if you are diagnosed with cancer. No medical exams or blood tests are required for this insurance. You just need to answer a few questions to confirm your eligibility.
Find out about Cancer GuardKiddy Plan (free)
Kiddy Plan is a free 12-month coverage plan for children ages 2 to 5. It provides you with a tax-free lump sum to help you care for your child if they are diagnosed with a critical illness. It’s quick and easy to sign up online and only takes a few minutes.
Find out about Kiddy PlanTestimonial
"At the age of 35, Scott Dempsey purchased the Transition product on the advice of his financial advisor. Nine years later, he developed a disease that led to him losing his sight. Having lost his job, he resigned himself to putting his house up for sale. Shortly thereafter, the advisor Greg Baldwin arrived at Scott’s home with reassuring news: a cheque for $100,000! Scott embraced him, while his spouse removed the “For sale” sign that was in front of their home."
Scott Dempsey
Compare our critical illness insurance products
| Transition – 25 Illnesses | Transition – 4 Illnesses | Cancer Guard | Kiddy Plan (free) | |
|---|---|---|---|---|
| Age of eligibility | 0–65 | 0–65 | 0–65 | 2–5 |
| Insurance amount | $10,000 to $3,000,000 | $10,000 to $3,000,000 | $5,000 to $150,000 | Up to $2,000 |
| No medical exam | ||||
| Ability to sign up online | ||||
| Non-taxable compensation | ||||
| Illnesses covered | 25 illnesses + 5 childhood illnesses | 4 illnesses + 5 childhood illnesses | Most cancers | - |
| Coverage term | 10/20/25 years, to age 75, or for life | 10/20/25 years, to age 75, or for life | 10/20 years or to age 75 | 12 months |
| Free service: medical second opinion (MediGuide) |