Critical Illness Insurance

What is Critical Illness Insurance?

Critical illness insurance is designed to help financially support patients before, during and after treatment by providing a lump-sum benefit when a critical illness is diagnosed.

Make sure you and your family are financially prepared in the unfortunate case one of you should get terminally ill.

Reduce stress by having the funds ready in case you develop a life threatening Illness.

On top of the emotional stress and anxiety, coping with a critical illness can be financially difficult for you and your family. Get an insurance plan that will protect your income and help ease the financial stress during recovery.

What Does Critical Illness Insurance Usually Cover?

It can provide coverage when you are incapacitated by serious illness, such as:

  • Cancer
  • Heart Attack
  • Stroke
  • Parkinson’s Disease
  • Paralysis
  • Major Organ Transplant
  • Renal Failure
  • Loss of Speech
  • Blindness or Deafness

Other illnesses and conditions can also be included, depending on your plan.


Critical Illness Insurance helps you manage the extra costs associated with your illness and allows your family to maintain or rebuild your lifestyle while you are ill. You can protect your retirement and other savings.

Contrary to disability insurance, individual Critical Illness Insurance can be purchased on a permanent basis and continue to provide protection even after you retire.


Did you know, 1 in 3 Canadian will develop cancer in their life time? and 63% of Canadians diagnosed with cancer are expected to survive for 5 years or more after a cancer diagnosis. Would yo have the funds available to get through these turbulent times?

To check out more statistics, click here.

If you would like to discuss how you protect yourself with Critical Illness Insurance, contact your MDL Avisor.