Critical Illness Insurance
Financial Protection When You Need It Most
Critical Illness Insurance provides a tax-free lump sum payment upon diagnosis of a covered critical illness. This money is yours to use however you need it.
Covered Conditions Typically Include:
- Cancer (life-threatening)
- Heart Attack
- Stroke
- Coronary Artery Bypass Surgery
- Kidney Failure
- Major Organ Transplant
- Multiple Sclerosis
- Paralysis
- And many more conditions
How It Works
- You purchase a Critical Illness policy for a specific coverage amount
- If you're diagnosed with a covered condition and survive 30 days, you file a claim
- You receive a tax-free lump sum payment
- You use the money however you choose
Use the Money For:
- Mortgage payments or paying off your mortgage
- Treatments not covered by provincial health insurance
- Travel for specialized treatment
- Replacing lost income
- Modifications to your home
- Anything else you need
Return of Premium Options
Many Critical Illness policies offer Return of Premium riders, so you can get your premiums back if you don't make a claim.
Contact Barrons to learn more about Critical Illness Insurance.