Critical Illness Insurance

A critical illness could easily be one of the biggest challenges you will ever face. You’ll need time to focus all your physical and mental energy on getting the medical attention you require and focusing on your recovery.

Surviving a critical illness is a very positive outcome but it can often lead to unexpected and very significant expenses that may not be covered by your regular health insurance benefits.

Built for you

In the event of a critical illness, we want you to have the freedom and control you need. 

If you are diagnosed with, and survive, any one of the covered conditions, the full amount of your coverage becomes available to you in the form of a tax-free, lump-sum payment. This can allow you to have more choice about where and how you want to seek treatment.  

Our critical illness plan also provides the means to pay for out-of-pocket expenses, pursue treatment or make modifications to your home without liquidating other assets. That means your long-term financial priorities can stay on track and continue to grow for the future.

Your Questions Answered

Critical Illness Insurance is a rider that can easily be added to your CBIA/Lawyers Financial Term Life Insurance policy. 

Here are some of the questions we get from Lawyers when they are considering Critical Illness Insurance. 

Will I receive my benefit right away?

You will be eligible to make a claim following the 30-day survival of your diagnosis. 

What if I am diagnosed with an illness but it doesn’t affect my income?

Unlike Disability Insurance, a Critical Illness benefit is not tied to your income, only to your health. You can receive your benefit and also continue to work.  

Do I have to submit my medical receipts or use the benefit to pay for medical expenses?

Absolutely not. The full lump-sum benefit will be paid if your illness qualifies under the contractual definitions.  How you use the money is entirely up to you. You can pay medical bills, pay off your mortgage, give your children a leg up or spend some downtime with loved ones while you get your life back in order.

 

Critical Illness Plan Details

 


Critical Illness insurance underwritten by The Manufacturer’s Life Insurance Company (Manulife). P.O. Box 670, Stn Waterloo, Waterloo ON N2J 4B8