Critical Illness

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.


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
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