Medical advancements have significantly improved an individual’s ability to survive a wide range of life-threatening diseases. Critical Illness insurance provides you with a lump sum, non-taxable cash payment in the event of certain common illnesses. The premium is deductible to the employer and is taxable to the employee when employer paid. The benefit is non-taxable in the event of a claim.

Coverage

Each carrier has specific illnesses that they cover. We have listed the most common illnesses below:

• Heart attack
• Stroke
• Blindness
• Major organ failure
• Coronary artery bypass surgery
• Coronary artery disease
• Cancer – life threatening

Policy Proceeds

With this coverage you can use the policy’s proceeds as you wish.

When diagnosed with a serious illness, members are faced with additional expenses such as:

• Home-care or house-keeping assistance
• Out of country medical care (e.g. access U.S. health care system)
• Purchase of medical apparatus
• Home, cottage renovations or vehicle alterations
• Vacation during recovery
• Training towards a new career