Critical Illness Insurance

The success of a company depends largely on the contribution of key leaders, employees and partners. The sudden loss of one of these key contributors, even temporarily, can threaten the future of the company. Critical Illness insurance helps hedge this risk to enable business leaders to protect against the economic risk caused by the serious illness of a shareholder or key employee.

Most of us know someone who’s been diagnosed with, or suffered from, a critical illness. The effects, as we know, can be far-reaching: worry, treatments, time away from work, and the financial burden of unexpected expenses. When being confronted by a serious illness, the last thing plan members want to learn is that there may be costs associated with their illness that do not qualify for coverage under provincial or employer health care plans.

Covered individuals have access to premier health information services and a lump-sum benefit if they become critically ill. Plan members can use the benefit for anything they wish, without restriction.

Offering Critical Illness Insurance as part of a comprehensive and competitive group benefits plan can help attract and retain employees, support employee health, and inspire loyalty in the workplace. For plan members, Critical Illness Insurance delivers the comfort of knowing they are well-protected – with relief from financial strain and the freedom to focus on recovery, if illness strikes.