Critical Illness Insurance
Facing a critical illness can be emotionally and physically devastating. It can also lead to significant and unexpected costs that may not be covered by your provincial or employee health plans. And the last thing you want to think about as you recover is how to cope with the financial burden. That’s where critical illness insurance can help.
What is Critical Illness Insurance?
It’s insurance that provides a lump sum cash benefit if you’re diagnosed with a covered condition and satisfy the waiting period. The money is yours to use however you want. You can use it to:
- Help pay your medical bills and prescription costs
- Replace lost income or make mortgage payments
- Hire a nurse or caregiver to help you out at home
Lifecheque covers 22 conditions, including the most common, such as cancer, heart attack and stroke. Plus, it has an early intervention benefit and a unique recovery benefit that help you get some money faster so you can begin your recovery sooner.