Why Choose LSM Insurance For Critical Illness Insurance

  • We provide access to policies from over 20 insurers
  • Offering insurance Critical Illness Insurance solutions across Canada
  • You can apply even if you have health pre-conditions
  • We have been serving Canadians for over 25 years

LSM Insurance is Accredited With:






Get a Critical Illness Insurance Quote Today or ask Questions

Critical Illness Quote For Canadians

Name *
Phone *
Your Date Of Birth
Tobacco Use:
Amount of Coverage
* Please Confirm Your Contact Details Are Correct

Sample Critical Illness Insurance Quotes

Female, 45 years old, non-smoker, no serious health pre-conditions, coverage amount $500,000, Term 10 Critical Illness Insurance

Best quote:
$295 per month

Male, 35 years old, non-smoker, no serious health pre-conditions, coverage amount $250,000, Term 15 Critical Illness Insurance

Best quote:
$96 per month

Female, 32 years old, non-smoker, no serious health pre-conditions, coverage amount $250,000, Term 25 Critical Illness Insurance

Best quote:
$101 per month

What is Critical Illness Insurance?

Critical illness insurance is a special type of policy that pays you a lump sum should you be diagnosed with particular illnesses. It is up to you to decide how you will spend this lump sum – for your medical treatment or simply at your discretion. Critical illness insurance is not the same as disability insurance, which provides regular monthly payments.

Critical illness cases are clearly defined in an insurance policy and can include just heart attack, cancer and stoke, or 25+ illnesses.

Interested in critical illness insurance or have questions? Please complete the form above.

When do you Need Critical Illness Insurance?

Critical illness is an insurance product that allows you to personally decide what level of coverage you need. Some of the cases when people choose critical illnesses insurance  include:

  • Having a family, especially with kids – should something happen to the main income earner, there should be some financial reserve for medical treatment and also for the family’s expenses.
  • Having some history of critical illnesses in the family. Note that in this case, your rates might be significantly higher.
  • In some cases, such as when you have your own company or startup, you might have difficulties getting disability insurance. Although critical illness insurance covers different risks, it reduces your overall risk.

Interested in critical illness insurance or have questions? Please complete the form above.

How does Critical Illness Insurance Compare to Disability Insurance?

Here is a brief comparison how critical illness insurance compares to disability insurance.

  Critical Illness Insurance Disability Insurance
Purpose Lump sum that can be used in any way the beneficiary wants Covers part of the beneficiary’s lost income due to a disability
Coverage Payout One time lump sum Regular monthly payments
Stackable Yes No

Interested in critical illness insurance or have questions? Please complete the form above.

What are Critical Illness Insurance Rates?

Critical illness insurance rates are determined through numerous aspects, such as:

  • Coverage (the lump sum you receive should you be diagnosed with a critical illness).
  • Your age and personal profile – the older you are, the more likely you are to get a critical illness.
  • You and your family’s medical history.

In general, critical illness insurance costs are higher than term life insurance costs.

Interested in Critical Illness Insurance or have questions? Please complete the form above.


Stephanie Burkholder:

“…I couldn’t be more pleased with the service provided by LSM Insurance. They have been looking after my family’s insurance needs for many years. Their service has always been outstanding.…”

Michael Tourangeau:

“…I have known Aman for around 4 to 5 years and have found my interaction with him very delightful. He has expressed genuine care in taking into account mine and my family’s insurance needs…”

Pastor Doug McClain:

“…From our first meeting, I understood that Aman knows his profession that he represents. He is very thorough and explained the solutions really well in addressing my needs. I found him to be a good person to do business with- very friendly…”

Real & Dorothy Duteau:

“…throughout the process, the LSM Insurance team kept us informed on the status of the application and was involved in clearing all obstacles. This is what we really appreciated, as their follow-up was 110%...

…With this kind of service and dedication, there is no doubt that we will be with LSM Insurance for the rest of our lives…”


  1. Paul 10/06/2009 at 7:48 am

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

  2. LSM Insurance 10/07/2009 at 12:32 pm

    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

  3. wes 05/13/2010 at 1:25 pm

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

  4. LSM Insurance 05/13/2010 at 3:04 pm

    Thanks we will send you an email now.

  5. Roselyn 01/11/2011 at 8:43 pm

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

  6. LSM Insurance 01/12/2011 at 10:07 am

    Hi Roselyn,

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

  7. gia 04/22/2011 at 9:44 am

    is hepatitis b covered under critical illness?

  8. LSM Insurance 04/22/2011 at 2:11 pm

    Hi Gia,

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

  9. Janet 06/21/2011 at 2:36 pm

    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.

  10. LSM Insurance 06/21/2011 at 3:17 pm

    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

  11. Fab 10/03/2011 at 11:52 am


    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?

  12. LSM Insurance 10/03/2011 at 12:42 pm

    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.

  13. lili 10/19/2011 at 10:05 pm

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

  14. LSM Insurance 10/20/2011 at 8:07 am

    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

  15. Ricardo Fernandez 12/28/2012 at 4:23 pm


    As could sell in Puerto Rico your Critical Illness Policy?

    Ricardo Fernández

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