search

Critical Illness Insurance in Canada

Critical illness is not something we'd like to face at any point in our lives. Because the risk of getting ill can never be eliminated completely, it's important that we take precautions so that you're able to make the financial choices required to make a difference when needed most. Securing the right insurance now while you're healthy is one way to cover some of the unexpected expenses that could arise as a result of a critical illness.

Andrew Susan Lorne
LSM Insurance Critical Illness Specialists:
"Thanks to Andrew and LSM by helping me acquire critical illness
coverage that 4 months ago I knew nothing about, today
I received a cheque for $100,000.000"; says Susan Mast,
on the photo together with Andrew Burdi and Lorne Marr

Life-and-death situations are not the only things that policyholders should consider. Even when the ill person lives longer than the elimination period, the insurer may take time to satisfy itself that there is an eligible claim. For example, it may take time to verify if the claimant knew of the illness at the time of applying for coverage.

Get your online critical illness quote now!

It is also important to consider how you will pay for those expenses for which provincial health insurance or other private insurance will not, and where the money will come from before the critical illness insurer pays the benefit. The key is to be as specific as possible with your instructions with your lawyer in terms of how you want to deal with matters if there are not funds for certain costs, and what life-prolonging methods you want used.

We have some more Critical Illness and Disability Insurance Tips for you.

  1. Cost of Care in Ontario and the need for Long-Term Care Insurance
    The cost of care in Ontario is has risen dramatically in recent years. Consult our table to learn more about costs of care in Ontario.

  2. Group Critical Illness Insurance
    This article deals with group critical illness insurance, a combination of critical illness insurance and group benefit policies. Find out how can it attract high quality employees, what is coverage portability and how can it help you save a lot of moneys on premiums.

  3. Long-Term Care - Basic Vocabulary and Definitions
    There may come a time in our later years when we may require assistance in our daily living. In this guide we’ll familiarize you with the basics of long-term care policies and the key vocabulary associated with them.

  4. What to look out for when buying critical illness insurance
    Did you know? Canadians are more likely to experience a critical illness than they are to die before the age of 75. So get the right insurance now while you're healthy.

Also check out what policies Canadian life insurance companies have to offer:

  1. BMO’s Critical Illness Insurance policies
Like 0 Retweet 0

14 Responses to “Critical Illness Insurance in Canada”

  1. I would like a quote on critical life insurance
    can i get a quote over the internet?

    Paul thought on October 6th, 2009 7:48 am

  2. Hi Paul,

    Thanks for the note. We do not offer instant quotes on Critical Illness Insurance. Illnesses and definition can vary from company to company. We can have a broker speak to you verify some details and email you a quote. Regards … Lorne

    LSM Insurance thought on October 7th, 2009 12:32 pm

  3. I would like a quote on critical life insurance and what are covered and what are the exclusions.
    thanks.

    wes thought on May 13th, 2010 1:25 pm

  4. Thanks we will send you an email now.

    LSM Insurance thought on May 13th, 2010 3:04 pm

  5. i would like to know if gestational diabetes is covered under critical illness.

    Roselyn thought on January 11th, 2011 8:43 pm

  6. Hi Roselyn,

    In most instances diabeties is not covered. But Kidney failure a common by-product of diabities is covered.

    LSM Insurance thought on January 12th, 2011 10:07 am

  7. is hepatitis b covered under critical illness?

    gia thought on April 22nd, 2011 9:44 am

  8. Hi Gia,

    Hepatitis B would not generally be covered but this could lead to other illnesses that would be covered. Regards, LSM

    LSM Insurance thought on April 22nd, 2011 2:11 pm

  9. Hello,
    I have had term life insurance with Transamerica for some years now. I would like to acquire critical illness insurance. Please advise of contact personnel and the limit of insurance available from Transamerica.
    Thank-you,
    Janet

    Janet thought on June 21st, 2011 2:36 pm

  10. Thanks Janet.

    We are happy to help. The rates will depend on the type of Critical Illness plan, your age and the face amount.

    We will send you a separate email. now. Regards, LSM

    LSM Insurance thought on June 21st, 2011 3:17 pm

  11. Hello,

    I have a friend who just lost her group benefit from her previous employer. She was diagnosed with breast cancer several years back, still living with cancer and manage the cancer through medication. Is there any health insurance that she can purchase and how much would that cost?

    Fab thought on October 3rd, 2011 11:52 am

  12. Thanks for the note. Most individual health and dental plans do not cover pre-existing conditions. Some health and dental plan are avialable on a guaranteed issue basis but the maximums on the health and dental are much lower.

    LSM Insurance thought on October 3rd, 2011 12:42 pm

  13. I have a question here – am i allowed to use my critical illness due to unemployment cause of injury?

    lili thought on October 19th, 2011 10:05 pm

  14. Hi Lili,

    Critical Illness is not dependent on your ability to earn an income.

    If the insured is diagnosed with a covered illness there is a payout after the waiting period regardless of whether the insured is working or not. Regards, LSM

    LSM Insurance thought on October 20th, 2011 8:07 am

Leave a Reply





LSM Insurance
2900 John Street Suite 302   Markham,   L3R 5G3   Toronto, Ontario | GPS: 43.825131;-79.3536561
Office 905.248.4849 Fax 905.300.4848 | Contact via email
life insurance canada | site map | privacy policy | resources | RSS feed | top of page | Insurance resources
all materials © LSM Insurance 2005-2012