Canada Life’s Disability and Critical Illness Plans: Two Needs, One Discount

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Canada Life’s Dual Solutions premium reduction allows clients to satisfy two separate needs and receive a 5% discount on each product. Depending on the size of the policies, this can translate into significant savings.

Critical illness insurance pays out a lump sum tax-free payout if the insured is diagnosed with one of the listed illness—this money can be used to cover one-time out-of-pocket expenses, such as home renovations or medical treatments outside of Canada.

Disability insurance is used as an ongoing income replacement vehicle. Separate needs often require separate solutions, and the Dual Solutions premium reduction makes solving this need more affordable.

There are certain exclusions:
  • Premium reduction is only available if both policies are taken out simultaneously
  • It is not available on critical illness conversions
  • It is not available on disability future insurability options
  • It is not available with any other premium reduction programs

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What Clients Say About LSM

life insurance testimonialsI had difficulty obtaining insurance in the past and I really appreciate LSM Insurance...1 of 84Lorraine S.Read more


  1. Elbert Beekman 04/06/2008 at 8:33 am

    looking for illness / disability insurance. I am age 40 and self employed

  2. sylvie 09/18/2008 at 10:36 am

    looking for illness, disability and life insurance. I am age 49 female, smoker. I am a truck driver. In good health.

    September 18th, 2008

  3. LSM Insurance 09/18/2008 at 3:34 pm

    Hi Sylvie,

    Thanks for your note. I’m happy to help out. Since this is an open forum I will send you a seperate email and you can let me know your city, province and the best time to reach you.

    Regards … Lorne

  4. Gerry 09/25/2008 at 5:20 pm

    Cancer survivor (Lymphomas – non-hodkins agressive) 4 years clean would like disability insurance and major illness coverage. Is it possible at a reasonable price?

  5. LSM Insurance 09/25/2008 at 9:31 pm

    Hi Gerry,

    Thanks for the note. I will send you an email and see if I can get some details. Regards … Lorne

  6. ana maria 10/30/2008 at 12:50 pm


    Kindly provide me with monthly rates for a combined plan for critical illness/dissability insurance, I just turn 56 last september, i am in good general health, I am non-smoker for the past 8-10 years, I am into long walks and swimming, I wight 130 lbs and my height is 5’1″

    Ana Maria.

  7. LSM Insurance 10/30/2008 at 3:47 pm

    Thanks Ana Maria. I will be in touch with a quote via email shortly. Regards … Lorne

  8. Tony 12/17/2008 at 12:02 am

    would like a quote on term life insurance for term 20 years and also I dont feel I have enought disablity insurance working for government as I raise 5 kids, mortgage,credit card, etc.. so looking at the duel critical/disability coverage payment plan, just in case as I am getting older.. I dont smoke and am 41 years old, still a Correctional Officer after 20 years and continue to train as a black belt, so in pretty good shape…thanks…Tony

  9. LSM Insurance 12/17/2008 at 9:16 am

    Hi Tony,

    Thanks for the note. That’s fantastic that you are still able to work out at a black belt level with 5 kids. I’m happy to help out with a quote I will send you a seperate email.

    Regards … Lorne

  10. Kelty 03/19/2009 at 12:53 am

    looking for a quote on disability/critical illness insurance

  11. LSM Insurance 03/19/2009 at 10:35 am

    Hi Kelty,

    Thanks for the note. I’m happy to help out. I’ll send you a seperate email now. Regards … Lorne

  12. Dean 03/23/2009 at 11:29 am

    Hello, Im looking for a quote on disability/critical illness insurance for myself and or my wife.

  13. LSM Insurance 03/23/2009 at 12:01 pm

    Thanks for the note. I will send you an email shortly. Regards … Lorne

  14. German Obes 05/26/2009 at 10:29 am

    I live in Ontario-Canada, I work as a Chef and I am looking for critical ilness and/or disability insurance. My income is seasonal, $ 50.000 for 6 month. Could you give me a couple of quotes for critical ilness and disability insurance and one quote for both together ?

  15. LSM Insurance 05/26/2009 at 11:28 am

    Hi German,

    Thanks for the note. I will send you a separate email shortly – I am happy to help out.

    Regards … Lorne

  16. David 07/15/2009 at 9:29 am

    Hi, I am a self-employed carpenter (54), non-smoking) male working in Nova Scotia and I install interior stairways only. I do not do any other kind of carpenter work, that is my specialty. I earned $35000.00 last year and am looking for a Disability Quote for a own-occupation policy and one for Disability/Critical Ilness combined. Thanks.

  17. LSM Insurance 07/15/2009 at 12:41 pm

    Hi David,

    Thanks for the email. We are happy to help out.

    We will send you a separate email shortly. Regards,

  18. Lisa 09/27/2009 at 8:02 pm

    Hi, 24 years old, non smoker female working full time. Interested in critical illness plan, coverage $100, 000, permanent insurance till 75, with payout at death or at Age 75 and disability waiver. Plan must cover the 21 common illnesses. Please let me know how much it will cost per year. Thanks!

  19. LSM Insurance 09/27/2009 at 9:18 pm

    Thanks for the note. $100,000 Term to 75 with return of premium on death or expiry for an age nearest 24 year old female non smoker is $47.22 a month.

  20. Doris 12/11/2009 at 4:18 pm

    Hi, I’m intersted in getting two quotes, one for my self and one for my Fiance. Disability insurance as a worker and for an Owner. Probably with an add on or two.

  21. LSM Insurance 12/12/2009 at 11:26 am

    Hi Doris,

    Thanks for the note. I’m happy to help out and will be in touch with you by email soon.

  22. Richard 01/11/2010 at 6:28 pm


    I am a 51 year old male in Ottawa. Currently have some life insurance with CAA but would like a quote for larger policy for life insurance plus disability insurance. I am non smoker in good shape.

  23. LSM Insurance 01/11/2010 at 7:25 pm

    Hi Richard,

    Thanks for the note. I’m happy to help out. I will send you a seperate email now. Thanks … Lorne

  24. Mauricio 01/21/2010 at 11:55 am


    I am a 51 year old male in Toronto. I would like a quote for a disability insurance ($2500/month). I am non smoker in good shape.

  25. LSM Insurance 01/21/2010 at 3:28 pm

    Thanks Maurico. The benefit period, elimination and any options among other things will determine your premium.

    I’ll send you a separate email shortly.

  26. Ray 01/25/2010 at 3:52 pm

    Are these benefits taxable?

  27. LSM Insurance 01/25/2010 at 4:28 pm

    Thanks for the note. Premiums paid with after tax dollars will produce a tax free benefit. Regards …

  28. ken 02/18/2010 at 11:00 pm

    looking for disabilty insurance – self employed heavy equipment mechanic 43 years old nosmoker

  29. LSM Insurance 02/19/2010 at 1:26 pm

    Thanks for the note – I’m happy to help out.

    I will send you a separate email. For the quote we would need to verify your net income per year and the amount of coverage and type of disability plan you are looking for. Regards … Lorne

  30. Coach Purses 04/08/2010 at 8:28 pm

    Wonderful, it is a honor to read your article here, i like you post very much, thank you for taking your time to this!

  31. LSM Insurance 04/09/2010 at 11:15 am

    Thanks for the kind words!

  32. Sharon 05/14/2010 at 1:18 pm

    Would like a info and a quote on critical illness and disability insurance for my husband and myself. He is self employed as a welder/farmer and I am a housewife. He is 54 and I am 50. Neither of us smoke but he is in good shape but has asthma.

  33. LSM Insurance 05/14/2010 at 2:03 pm

    Hi Sharon,

    Thanks for the note. We are happy to assist – disability insurance will be difficult to obtain without earned income but Critical illness could be a good option.

    We’ll send an email now. Thanks … Lorne

  34. Kelly 06/15/2010 at 4:31 pm

    My partner and I are considering disability; critical illness insurance as an addition to our current life insurance – both being aimed towards paying off the mortgage. Was hoping for a quote for us both. What information do you require? Many Thanks. Kelly

  35. LSM Insurance 06/15/2010 at 5:03 pm

    Hi Kelly,

    Thanks for the note we are happy to help. The premiums will depend on your:

    Date Of Birth
    Gender and Smoking Status
    Type of Plan
    Amount of Coverage
    Occupation and Annual Income (for disability insurance)

    We will send you a separate email now. Regards,

  36. Matthew 06/28/2010 at 9:31 am

    I’m looking for disability and critical illness insurance in … . Give me a shout when you can please.

  37. LSM Insurance 06/28/2010 at 1:23 pm

    Hi Matthew,

    Thanks for the note. We are happy to assist and will send you email now.

  38. Stan 10/15/2010 at 8:31 pm

    I work as a pharmaceutical advance tech and have disability to 70% of my salary from my work. I would like insurance to cover the shortfall. I take medication for epilepsy but have not had a seizure for 30 years and in god health. Can I get this insurance affordably, if at all.


  39. LSM Insurance 10/16/2010 at 11:34 am

    Hi Stan,

    Thanks for the note. If you monthly benefit is payable tax free you will be pretty close to your maximum and any new disability policy would likely exclude disabilities due to epilepsy or surrounding medications. Regards,

  40. Rob 03/16/2011 at 10:35 am

    looking for dual disabilty and critical illness coverage. 42 years old male, non smoker, good health including regular exercise. Self employed lawyer annual income $125K.

  41. LSM Insurance 03/16/2011 at 10:57 am

    Hi Rob,

    Thanks for the note. The premiums will depend on your plan details. We will send you a separate email shortly,

  42. Daniel 07/14/2011 at 12:55 am

    I am looking for disability and critical illness ins. I earn 75,000 annually. Steelworker, 43, never smoked, my father died at age 50 from heart disease. i am in good health, thin, active lifestyle. no known illnesses. Thanks,

  43. LSM Insurance 07/14/2011 at 8:16 am

    Thanks for the note. The premiums will depend on the type of plan and the amount of coverage. Canada Life also offers a return of premium option on their disability and critical illness plans. We will send you a separate email now.

  44. Angie 07/19/2011 at 11:45 pm

    Hi I am looking for two quotes term 25t life insurance 1 million combined with disability/critical for myself female 33 yr non smoker good health. And my spouse 31 male smoker for the same coverage thanks

  45. nicole 09/19/2011 at 8:34 am

    my husband is looking to get critical illness, life and disability insurance he is a non-smoker personal trainer

  46. nicole 09/19/2011 at 8:42 am

    please contact me via e-mail

  47. LSM Insurance 09/19/2011 at 1:02 pm

    Thanks for the note Nicole – we are happy to help and will be in touch with you soon.

    The rates will depend on your husnband date of birth and coverage details. We will send you an email now. Regards, LSM

  48. Glenda 10/02/2013 at 11:08 am

    Hello, I am a 59-year-old female and I live in Dartmouth, NS. I am a non-smoker. I have been self-employed for almost 8 years and am looking for disability and/or critical illness insurance. Can you give me a quote on the insurances separately and also a quote on both insurances together. Thanks.

  49. LSM Insurance 10/02/2013 at 1:56 pm

    Thanks Glenda. We are happy to help out and will be in touch by email to confirm some details for the quote.

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