Critical Illness Insurance
Critical Illness Insurance is designed to provide financial support if you’re diagnosed with a serious illness covered by your policy. This type of insurance offers a lump-sum benefit, helping you manage medical and living expenses while you focus on recovery. If you’re concerned about protecting yourself or your loved ones from the financial burden of a critical illness, you’re in the right place. Get a free, no-obligation quote from us to see how we can customize a plan that provides coverage at an affordable monthly rate.
Critical Illness Insurance Quote Form
What is Critical Illness Insurance?
Critical Illness Insurance protects you or your spouse from financial strain if you’re diagnosed with one of the specified critical illnesses, which may include conditions like cancer, heart attack, or stroke. Depending on the plan, coverage may extend to up to 22 illnesses, including multiple sclerosis (MS), Alzheimer’s, Parkinson’s disease, ALS, blindness, deafness, coma, and more.
Critical illnesses can happen unexpectedly, regardless of lifestyle choices. Here are some eye-opening statistics:
- 1 in 3 Canadians will develop a life-threatening cancer
- 1 in 2 heart attack victims are under 65 years old
- 50,000 Canadians suffer a stroke annually, with 75% left with a disability
With these risks in mind, Critical Illness Insurance provides essential coverage to help ease the financial challenges of a serious diagnosis.
Why You Need Critical Illness Insurance
Expenses from a critical illness can quickly add up. Items like private nursing care, home or vehicle modifications, and specialized treatments may not be covered by provincial health plans or employer-sponsored insurance. Beyond medical costs, there are everyday needs to consider, like caring for your children or managing household tasks during your recovery.
Our Critical Illness Insurance plans from PII offer a lump-sum benefit to cover:
- Outstanding debts, such as mortgages, credit cards, or personal loans
- Home modifications to accommodate new mobility needs
- Domestic help or a leave of absence for you or your spouse
- Travel costs for cutting-edge medical treatments unavailable in Canada
With this benefit, you have the flexibility to focus on recovery without worrying about finances.
How Critical Illness Insurance Works
When you’re diagnosed with a covered critical illness and survive the waiting period (often 30 days), you receive a lump-sum cash payment. You choose how to use the money—whether it’s paying down debts, covering healthcare expenses, or securing your family’s financial future. Critical Illness Insurance can also complement your existing health and disability insurance, ensuring you’re fully protected in times of need.
Benefits of Critical Illness Insurance
- Reduce Financial Stress: Use the lump-sum benefit to pay off loans, cover your mortgage, or keep your business running while you’re unable to work.
- Maintain Independence: Modify your home or hire help to assist with daily tasks during recovery.
- Access Advanced Medical Care: Pay for treatments, medications, or services not covered by provincial health plans, both in Canada and abroad.
- Flexible Use: The benefit allows you to focus on recovery and spend more time with family without financial worries.
Critical Illness Insurance Quotes
We provide personalized quotes for Critical Illness Insurance, ensuring you receive the best coverage at competitive rates. Some plans even offer the option to receive a refund of all premiums paid if no claims are made by a predetermined date.
Many Critical Illness Insurance products also include access to the Best Doctors service, which connects you with top specialists in North America, ensuring you receive the best possible care for your condition at reduced costs.
Get a Free Critical Illness Insurance Quote
Critical Illness Insurance in Canada offers crucial financial support during one of life’s most challenging times. If you’re diagnosed with a covered illness and survive the waiting period, you’ll receive a lump-sum cash payment that you can use however you see fit. Whether it’s for medical care, household expenses, or taking time to rest and recover, this benefit ensures you remain financially stable during your recovery.
Fill out the form to receive your free, no-obligation Critical Illness Insurance quote today.
Contact Us For more information about Critical Illness Insurance or to get your free quote, contact us at 416-939-7257 or info@all-lifeinsurance.com.