Focus on your recovery knowing that your business can continue if you’re diagnosed with a serious illness.
It can give your business a tax-free payment if you’re diagnosed with a serious condition. Your contract will define which conditions you’re covered for, but some examples include cancer, heart attack and stroke.
Critical illness insurance isn’t just limited to you; you can also insure key employees.
- Choose the coverage amount you want.
- Once your application is approved, your business pays the premiums.
- File a claim if you’re diagnosed with a critical illness.
- You may have to wait a set period of time depending on your condition.
- Receive your payment and your policy ends.
As much as you want to keep your business running smoothly, your health is more important. Having access to medical treatments and emotional support can help your recovery.
Expert medical help
Get access to the top 5% of specialists in their fields. They can:
- Provide a second opinion
- Help understand medical conditions
- Explain treatment options
- Help navigate the health care system
Additional support
You and your family can get professional help to deal with the impact of your illness. They can provide:
- Counselling services
- Family support services (child care, home care)
- Legal and financial consultations
- Nutritional advice
You can add a return-of-premium benefit to your critical illness insurance policy. If you don’t experience a serious illness after as early as 10 years, you can choose to get your money back. If you choose this option your policy expires.
Depending on your situation you may need only critical illness and disability insurance but there are many times when you need both to fully protect yourself.
Critical illness and disability insurance work together to help reduce the impact of disability or serious illness.
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Payment type? |
Tax-free, one-time payout |
Monthly income replacement |
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If you’re diagnosed with a covered condition |
If you can’t work because of injury or illness |
Do you have to wait?
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No waiting period in certain cases |
Usually will have to wait |
How long does your coverage last? |
Coverage for life |
Ends at age 65 |
Ideal for? |
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