Critical Illness Insurance
Financial breathing room when health changes
A serious diagnosis can affect more than your health. Critical illness insurance can provide a one-time lump-sum payment when a covered illness meets your policy’s definition and all claim requirements are satisfied.
How it can help
Use the benefit for everyday bills, childcare, time away from work or other priorities during recovery. The amount of coverage is chosen when you apply.
What to compare
Covered conditions, exclusions, waiting or survival periods, premiums and coverage duration vary by policy. A diagnosis alone does not guarantee a payment. We can review the details alongside any workplace benefits you already have.
Common questions
Is this the same as disability insurance? No. Critical illness insurance is tied to specified illnesses; disability insurance generally helps replace income when a qualifying illness or injury prevents you from working.
Does every type of cancer qualify? No. The policy’s medical definitions and exclusions determine what qualifies.
How much coverage should I consider? Start with your household expenses, existing savings and support available during recovery. We can discuss an amount that fits your priorities and budget.
Get a quote or ask a question · Call (647) 784-5268
Learn more: Financial Consumer Agency of Canada.