What is critical illness insurance in Canada?

Critical illness insurance is your financial lifeline when you need it most. If you're diagnosed with a serious illness like a heart attack, stroke, or cancer, this insurance provides you a lump sum payment. This money can help you cover medical costs, lost income, or simply provide peace of mind. Some policies even cover early-stage conditions, allowing you to focus on recovery rather than financial worries.

Who needs critical illness in Canada?

If you have family members who depend on your income, you may need critical illness insurance. Being seriously ill often means having to take time off work or having to pay for medical expenses that are not covered by the provincial health insurance.

Critical illness insurance can provide you with a financial cushion during that difficult time.