Critical Illness Insurance Plans

Healthcover.ca offers a wide variety of critical illness plans from several different insurance companies in Canada. 

Critical Illness insurance is a relatively new form of insurance protection that provides money while you are still alive after suffering a named critical illness or specific injury. Most Critical Illness coverage has flexibility if you become critically ill because there are no requirements for how you spend the lump-sum of money that you receive. Also, you won’t have to get approval from the insurer for expenditures and you don’t have to provide any receipts

Critical Illness insurance plans can provide you with you with a lump-sum payment to be used however you see fit. If you want to try alternative therapies, you want to be treated outside of the country, obtain private medical care, you want to hire someone to take care of you, you want to hire a nanny to take care of your children. As you can see, you choose how to spend your critical illness benefits.

If you die while the policy is in force, your beneficiary may receive a refund of 100% of the premiums that you paid into your Critical Illness policy depending on the policy you choose.

Most Critical Illness plans cover:

  • Heart Attack

  • Loss of Limbs

  • Stroke

  • Blindness

  • Coma

  • Major Organ Transplant

  • Multiple Sclerosis

  • Deafness

  • Severe Burns

  • Parkinson’s Disease

  • Cancer

  • Paralysis

  • Loss of Speech

  • Kidney Failure

  • Heart Bypass Surgery

  • Alzheimer’s Disease

  • Occupational HIV

  • Motor Neuron Disease (ALS)

PLEASE SEE POLICY CONTRACT FOR DETAILS. FINAL PREMIUM, COVERAGE AND TERMS & CONDITIONS ARE AVAILABLE IN INSURANCE CONTRACT. APPROVAL IS DEPENDENT ON UNDERWRITING AND UPON THE DISCRETION OF INSURER.

Canada Life also offers a number of additional options to customize your Critical Illness insurance policy. TFG Global Insurance Solutions Ltd. can assist you in determining which options are best for you. We can also offer quotes from other insurance companies. If you are interested in a quote, please contact us or use the quote page.