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 stroke, heart attack, cancer, 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.
Critical illness insurance coverage can help you maintain mortgage payments and other debt even if you have to take time off work to recover from a critical illness, like a stroke. It can help you avoid making early withdrawals from your retirement savings so you won’t have to compromise saving for the future.
The help and support you need to cope during a challenging time
- 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.