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Critical Illness Insurance

Protection against critical illness

The demand for critical illness insurance in Canada is growing. It’s becoming increasingly popular because people could experience substantial financial difficulties if they ever had to stop working due to a serious illness. In fact, the probability of being diagnosed with a critical illness is much higher than the likelihood of a premature death. And yet few people have the appropriate coverage.

Usually covered illnesses and diseases

  • Stroke (cerebrovascular accident)
  • Bacterial meningitis
  • Paralysis
  • Loss of autonomy
  • Loss of speech
  • Loss of limbs
  • Heart valve replacement
  • Multiple sclerosis
  • Deafness
  • Major organ transplant
  • Kidney failure
  • Major organ failure on waiting list
  • Heart attack (myocardial infarction)
  • Motor neuron disorder
  • Aplastic anemia
  • Severe burns
  • Cancer (with risk of death)
  • Blindness
  • Coronary surgery
  • Aorta surgery
  • Coma
  • Benign brain tumour
  • Parkinson’s disease
  • Alzheimer’s disease
  • Occupational infection

Critical illness benefit

We ensure the payment of a lump sum (from $10,000 to $2,000,000) 30 days following the diagnosis of a critical illness or disease covered by the contract.

Refund of premium on death benefit (optional)

We guarantee the refund of all premiums paid since the policy was issued if the insured key person dies while coverage remains in effect.

Flexible premium refund benefit

The insured key person recovers up to 100% of premiums paid (by the company and the key person) based on the return of flexible premium benefit selected.

Protect your life’s biggest investment – your business

Critical illness insurance could make all the difference. If a critical illness strikes, your client's business will get the cash flow it needs to survive, tax-free, to:

  • Cover any loss of income caused by your temporary absence 
  • Make sure key employees are paid 
  • Fill the income gap while you recover
  • Receive compensation to pay for any non-covered medical expenses or private care, etc.
  • Ease the concerns of your bankers, creditors and suppliers

Benefit from another value-added advantage: The flexible premium refund benefit.

By taking out critical illness insurance using a split-dollar arrangement, the premiums for the key person are divided in a way that is beneficial to everyone.


In addition, when the key person requests the flexible premium refund benefit (fixed portion), the total amount of all premiums paid under the contract will be repaid to the key person, regardless of the source of premiums, all tax free. 

Need more information? Just contact us!