Critical Illness Insurance Covers Up To 25 Conditions.
Critical Illness Insurance provides you with a lump-sum cash benefit that is payable 30 days after the diagnosis of an insured conditions (some exceptions apply).
Most Critical Illness Insurance plans cover up to 25 insured conditions, such as:
The critical illness insured conditions identified above must meet the definitions contained in the respective insurers policy contract.
Some Critical Illness Insurance plans offer additional features such as:
Additional Illness Benefits
Provides you with a one time lump sum of 10% of the Critical Illness benefit up to $25,000.
Payment of an additional illness benefit will not cause the policy to terminate or the Critical Illness benefit to be reduced by the payment of the benefit.
Additional illness benefit is provided if you receive a written diagnosis for one of the following:
Advance Surgery Benefit
Provides you with an advance of up to $15,000 of your Critical Illness benefit if you’re diagnosed with a critical illness as defined in the policy and you require surgery as a result of the critical illness.
Guaranteed Premium
The premium for the basic policy and any optional benefit riders, except the Second Event Rider, is guaranteed for as long as the policy remains in force.
Optional Riders
You can customize your Critical Illness insurance policy to suit your individual needs with optional benefit riders.
Second Illness Coverage
Provides you with a limited amount of coverage for a second Critical Illness if you receive a Critical Illness benefit for heart attack, life-threatening cancer or stroke before age 65.
If your first claim is for heart attack or stroke, second illness coverage will be provided for life-threatening cancer. If your first claim was for life-threatening cancer, second event coverage will be provided for heart attack.
Return of Premium
Return of premium is designed to return some or all of the eligible premium paid for the policy to the owner if you don’t suffer a Critical Illness.
Return of premium at withdrawal – versions of this rider are available with a variety of option dates and return of premium amounts to best suit your needs. Full and partial withdrawals are available on each of the option dates and a paid-up option is built-in to some of these riders.
Return of premium at withdrawal or expiry – full and partial withdrawals are available on each of the option dates and a policy expiry benefit is built-in to each of these riders.
Return of premium at expiry – eligible premium is returned on the policy expiry date if the policy is maintained.
Return of premium at death – eligible premium is returned if you die from any cause.
Disability Waiver of Premium
If you’ve been totally disabled for 90 days, we will waive the premium while your total disability continues.
