Group Critical Illness



Dealing with the initial financial cost of a critical illness can be devastating. Group critical illness insurance provides a lump-sum benefit to help support you financially if you are diagnosed with and survive a covered critical illness.

The 3 most commonly claimed critical conditions are heart attack, cancer, and stroke. The majority of policies have a survival period of 30 days. One of the biggest advantages of Group Critical Illness coverage is that it can often be offered without medical underwriting. The benefit payment could be used in a variety of ways:


Reduce your financial burden:

    Pay off or reduce your mortgage, credit cards or other debts. Help keep your business running.

Maintain your independence:

    Modify your home or vehicle to improve your mobility. Hire domestic help during your recovery. Fund a leave of absence for yourself or your spouse.

Access cutting-edge medical services:

    In Canada, pay for medications and treatment not covered by provincial health plans. Outside Canada, pay for treatment that may not be available at home, in addition to your family’s travel and lodging expenses.

Assist in your recovery any way you choose:

    Spend more time with your family or use the benefit in other ways that can help you focus on getting well.