Critical Illness Insurance
Financial Protection When a Diagnosis Changes Everything
Critical illness insurance pays a tax-free lump sum if you are diagnosed with a covered condition, so you can focus on getting better, not on paying the bills.
- Licensed in Canada
- Free, no-obligation advice
- English & Farsi
Why it matters
Critical Illness at a Glance
01
Lump-sum payout
Paid directly to you after diagnosis and the survival period.
02
Use it any way
Cover lost income, debts, private treatment, or family support.
03
Works with other coverage
Fills gaps that disability and health plans do not cover.
What it covers
Commonly Covered Conditions
Exact conditions and definitions vary by insurer and policy. We walk you through them before you apply.
- Life-threatening cancer
- Heart attack
- Stroke
- Coronary artery bypass surgery
- Kidney failure and major organ transplant
- Other conditions, such as paralysis or blindness, depending on the policy
Is this for you?
Who Should Consider It?
A serious diagnosis affects your income, your family’s routine, and your finances all at once.
- Primary income earners
- Parents who want to protect their family’s plans
- Business owners without paid sick leave
- Anyone with a family history of serious illness
How it works
How a Claim Works
- DiagnosisYou are diagnosed with a covered condition.
- Survival periodYou meet the survival period, typically 30 days.
- ClaimYou submit a claim with your medical documentation.
- PayoutYou receive a tax-free lump sum to use as you need.
Questions
Frequently Asked Questions
Is the payout taxable?
A critical illness benefit from a personally owned policy is generally received tax-free in Canada.
What is a survival period?
It is the number of days you must live after diagnosis before the benefit is paid, typically 30 days.
Can I get my premiums back?
Some policies offer a return of premium option that refunds premiums if you never claim. It adds to the cost, so we compare both ways.
Talk to an advisor
Meet Our Licensed Advisors
Choose the advisor who fits you best, view their profile, and book a free consultation directly in their calendar.
Sina Kia
Founder & Licensed Advisor
Mana Mohamadi
Licensed Advisor
Not Sure Where to Start?
Book a free, no-obligation consultation. We will listen, answer your questions, and explain your options in plain language.
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Coverage, benefits, and exclusions vary by insurer and policy and are confirmed in the policy contract. This page is for general information and is not personalized advice. Disclosure