CRITICAL ILLNESS INSURANCE QUOTE AND INFORMATION

Why Choose LSM Insurance For Critical Illness Insurance

  • We work with experienced and reputable independent brokers across Canada
  • LSM Insurance is one of the most respected life insurance brokerages in Canada
  • We work with more life insurance companies than the majority of brokers (15+ insurers)
  • We have been serving Canadians for over 25 years

LSM Insurance is Accredited With:

 

 

 

 

 

Get a Critical Illness Insurance Quote Today or ask Questions

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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.

avatar
Cody
Cody

Is a mental illness considered a critical illness? If not what kind of coverage can i get? I lost my job due to my decreasing ability to stay focused. Im 29, a smoker and an equipment operator up until the end of october last year.

Dima
Dima

Generally speaking, a mental illness will not be covered on a critical illness policy.

Disability insurance policies will in most instances cover mental illness, assuming there are no pre-existing conditions or exclusions. Since you already lost your job your options would be more limited. Feel free to contact us at [email protected] and we can discuss your situation in more detail.

Ricardo Fernandez
Ricardo Fernandez

Hi

As could sell in Puerto Rico your Critical Illness Policy?

Regards,
Ricardo Fernández

lili
lili

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

Fab
Fab

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?

Janet
Janet

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

gia
gia

is hepatitis b covered under critical illness?

Roselyn
Roselyn

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

wes
wes

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

Paul
Paul

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