Things you need to know
On average, people are living longer. With longevity, unfortunately, comes an increased chance of a critical illness diagnosis, such as cancer, heart attack, stroke, coronary artery-bypass and more. And while advances in medicine also increase your chance of survival, it can exact a heavy financial and emotional toll on patients and their families.
If you have had a pre-existing condition such as cancer, having Critical Illness insurance can help alleviate that burden. You can also get a long-term care conversion benefit built right into your plan. This means, from age 55 to 65 you can convert all or a portion of your Critical Illness coverage to long-term care without having to provide evidence of your good health.
We offer protection to suit your changing needs throughout your lifetime
- Critical Illness insurance provides a tax-free, lump-sum benefit if you are diagnosed with a covered condition as defined in your contract and outlive the 30-day survival period.
- The money received can be used however you choose, without restriction. For example, to make mortgage payments, home alterations, continue to contribute to retirement, pay for specialized medical treatment, out of country treatments and more.
Expert Medical Opinion
The plan pays a lump sum benefit in the event you meet the policy definition of any of the following covered critical illnesses:
- Alzheimer’s disease
- Aortic surgery
- Aplastic anemia
- Bacterial meningitis
- Loss of independent existence†
- Loss of limbs
- Loss of speech
- Major organ transplant
- Benign brain tumor
- Cancer (life-threatening)
- Major organ failure on waiting list
- Motor neuron disease
- Multiple sclerosis
- Occupational HIV infection
- Coronary artery-bypass surgery
- Heart attack
- Heart valve replacement
- Kidney failure
- Parkinson’s disease
- Severe burns
- Stroke (cerebrovascular accident)
For most conditions, your benefit can be paid after the 30-day survival period. Refer to the policy for specific definitions and exclusions.