Knowledge Centre

Explore Critical Illness Plan Features

What is critical illness insurance?

Critical illness insurance is a form of insurance that provides a lump-sum payment should the insured become seriously ill. The benefit amount listed in the policy is paid out tax-free directly to the insured.

- George Allen

Does critical illness insurance cover pre-existing conditions?

Critical illness insurance is not to be confused with private medical insurance. It provides coverage for future events and does not cover pre-existing conditions.

- Lacie Hayes

Is the benefit amount taxable?

Critical illness benefit is paid out tax-free to the insured.

- Jan Fraser

When can a claim be denied?

The 3 main reason for claim denial are:

If the policy holder dies in the first 30 days.
If the claim is for a pre-existing condition.
Misrepresentation at the time of the application

For a complete list of exclusions please visit Plan Details page.

- Ivy Hopkins

What are the conditions covered by critical illness insurance?

Our critical illness plan offers coverage for 24 serious conditions:

Alzheimer’s disease, Aorta surgery, Benign brain tumor, Blindness, Cancer, Coma, Coronary artery bypass surgery, Deafness, Dismemberment, Heart attack, Heart valve replacement, Loss of speech, Major organ failure, Major organ transplant, Motor neuron disease, Multiple sclerosis, Occupational HIV Infection, Paralysis, Parkinson’s disease, Severe burns, Stroke, Three Limited Covered Conditions: DCIS, Early stage prostate cancer, Loss of independence.

- Damian Moore

Can I apply for coverage with a pre-existing condition?

Anyone between the ages of 18-69 with a permanent Canadian address is approved for coverage up to $50,000, regardless of any pre-existing health conditions. For coverage over $50,000 there are 6 qualifying health questions that may exclude some pre-existing conditions.

- Eddie Wallace

What factors will affect my rate?

Your rate is dependent on 4 factors:

Coverage amount
Age
Gender at birth
Smoking status

- Renee James

How does COVID-19 affect eligibility and coverage?

Testing positive for COVID-19 and/or vaccination status has no effect on rates or eligibility for this plan.

- Hugo Davis