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Critical illness insurance means less stress about your finances so that you can focus on your well-being.
- When the policy is paid out it provides the beneficiary the freedom to use this tax-free lump sum however they choose
- Having Critical Illness Insurance can help cover lost income, health related expenses or deductibles which may not be covered by health/disability insurance, travel i.e. to see a specialist, helping with childcare, mortgage payments and more
- Approximately 93% of critical illness claims fall under these two categories cardiac and cancer related diagnoses. Whether you are the sole breadwinner, single, or have a family relying on you, a critical illness insurance policy can provide you peace of mind while you focus on your well-being
Canada Protection Plan offers four No Medical required Critical Illness Insurance plans for up to $100,000 for Cardiac and Cancer coverage, with the flexibility to choose either, or both