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?
Get in touch with us
Looking to add critical illness insurance? We can help you understand the optional benefits that you can add to a critical illness insurance policy, for even greater protection. Talk to us today!Find an advisor
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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).