critical illness insurance

What is critical illness insurance?


Medical advances have dramatically improved the survival rates of people who suffer critical illnesses such as cancer, stroke and heart disease.  Recovery may come with a significant financial cost that impacts both you and the people close to you.


Critical illness insurance from all Canadian Life Insurance companies offer the financial help to pay the costs associated with life-altering illnesses. If you become sick with an illness covered by your policy and survive the waiting period, you’ll receive a lump-sum cash payment. And, unlike reimbursed health insurance benefits, you decide how to spend the money.


Critical Illness insurance can help you:

  • Reduce debt and other financial concerns while you cope with your illness
  • Replace any reduced or lost income for you and your spouse, who may wish to take time off work to care for you
  • Replace lost savings for your retirement planning
  • Consider new medical treatments and medications not covered by private government health insurance plans


Learn more by reviewing the documents listed below.  These documents are from various life insurance companies and other third-party sources.

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sunlife financial - what is critical illness

bcc education - learn more about critical illness