Great West Life’s Child Critical Illness Plan

Posted on September 18, 2009 and updated April 12, 2018 in Great-West Life Assurance Company, Life Insurance Canada News, Life Insurance for Children
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Illustration Ted Bongiovanni
Protect your child’s future with Great
West Life’s Child Oasis
 

Great West Life has a unique Citical Illness insurance plan for children “Child Oasis”. It’s designed to provide families with the financial resources necessary to support the recovery and care of a child with a critical condition. It also helps insure their future insurability. Some of the features and optional benefits of the Child Oasis plan are the following:

  • A lump sum benefit of ranging from $10,000 – $250,000

  • Coverage for 24 critical conditions, including five exclusive to childhood.

  • Medical support services and resources from Best Doctors.

  • A conversion feature at age 25.

  • A return of premium at expiration (This is an optional benefit rider).

The covered critical illnesses in the Child Oasis plan are the following:

  • Aortic surgery

  • Aplastic anemia

  • Bacterial Meningitis

  • Benign brain tumour

  • Blindness

  • Cerebral Palsy (childhood-related congenital disability)

  • Coma

  • Congenital heart condition (childhood-related critical health condition)

  • Coronary artery bypass surgery

  • Cystic fibrosis (childhood-related congenital genetic disease)

  • Deafness

  • Heart attack

  • Heart-valve replacement

  • Kidney failure

  • Life-threatening cancer

  • Loss of Limbs

  • Loss of speech

  • Major organ failure on waiting list

  • Major organ transplant

  • Muscular dystrophy (Childhood-related congenital disability)

  • Paralysis

  • Severe burns

  • Stroke

  • Type 1 diabetes mellitus (childhood-related critical health condition)

We would be happy to provide additional details on Great West Life’s Critical Illness Programs, along with providing quotes from other leading Critical Illness carriers in Canada. You can also get a free, online quote by visiting our Critical Illness Instant Quote Page, or call us at 1-866-899-4849.

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LSM Insurance
LSM Insurance

Thanks for the note. The availability of a traditional life insurance plan will depend on the type of illness. Simplified Issue (no medical tests and health questions) and Guaranteed Issue (no medical tests and no health questions) options are more limited for children than adults.

Lorinda
Lorinda

Was looking for life insurance for my child with a critical illness.