With direct access to over 15 of the largest insurance companies in Canada, we are uniquely positioned to offer not only professinoal advice, but a tailored solution for your needs and goals. We work with you to determine if Critical Illness is a good fit within your overall insurance plan, and compare costs and benefits based on your needs.
While you can use the tax-free lump sum benefit payment for whatever you want, often people will use it to replace reduced or lost income, pay off or reduce existing debts, assist in bringing additional support or healthcare help to their home, and/or use the funds to explore new medical treatments or medications not covered by health insurance plans.
Looking for other features? A critical illness policy may offer a unique option where you can add a Return of Premium Endorsement. While options can differ, in general, if you don’t have a claim by the expiry of your policy, you will receive your premiums back.