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.

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.

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.
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.
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.
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:

BMO’s Critical Illness Insurance policies

2 Responses to “Critical Illness Insurance in Canada”

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
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

lorne thought on October 7th, 2009 12:32 pm

Critical Illness Insurance in Canada

Get your online critical illness quote now!