If you’re diagnosed with a critical illness or condition that’s covered in your policy, critical illness insurance will pay you a tax-free lump sum to use in any way you wish.
Critical illness insurance
What is it?
It essentially fills the gap between life and disability insurance, and in a time of crisis, it can help you cover the cost of private treatment, household help, extra mortgage payments, business expenses, or a family vacation.
Things to keep in mind
If you were diagnosed with a critical illness or condition, think about how long you could realistically afford to live off your savings, and how that could affect your overall lifestyle. Would you need to reduce your expenses? Delay retirement? Get into debt? Downsize your home?
What Kind of Insurance Do You Need?
Protect your loved ones and your assets by getting the right coverage.
Combating Cancer with Critical...
Cancer isn't just physically and emotionally draining, it’s tough on the finances, too....
Passing on the Family Cottage
If you wish to leave your cottage to your children, plan ahead to get everyone on board and...
What Happens When Health Insurance Ends?
Extended health coverage goes away when you leave your job. Here’s how to adapt.
Insurance products and services distributed through I.G. Insurance Services Inc. (in Québec, a Financial Services Firm). Insurance license sponsored by The Great-West Life Assurance Company (outside of Québec).