Individual Critical Illness & Disability Insurance
Guard against the financial consequences of serious illness now - when you are healthy and capable.
What if you become ill with a life-threatening condition? How will you pay for the extra health expenses not covered by provincial health insurance - like traveling for treatment and assistive devices?
What if you get into an accident, become disabled and can't work or live independently anymore? How will your family cope with the lost income and extra expenses associated with caring for you?
Coverage for a critical time in your life
- Critical Illness insurance can provide you with a tax free lump sum benefit at a critical time in your life - once diagnosed with a critical illness and once you have survived the waiting period (each as defined in your policy).
- Some policies include Early Intervention Benefits, which provide you with benefits during the early stages of specified cancers and coronary angioplasty and other illnesses.
Protect your most valuable asset - your earning power
- Disability insurance provides you with financial security when an accident or illness causes you to be disabled and unable to work or earn an income, often one's greatest asset.
- Disability benefits are provided as regular, recurring payments while you are disabled.
Did you know there are over two million Canadians of working age who are disabled? Among office workers, absences from nervous disorders, including stress-triggered conditions, have become the leading cause of disability in Canada today (Statistics Canada).
On average, one in three people will be disabled for 90 days or longer at least once before age 65 (CIA 86-92 Aggregate Table & 1985 Commissioner's Disability Table A - Experience Table).
The average length of a disability that lasts over 90 days is 2.9 years. (CIA 86-92 Aggregate Table & 1985 Commissioner's Disability Table A - Experience Table).