Life & Wealth
Critical Illness Insurance in Ontario
Critical illness insurance pays a tax-free lump sum on diagnosis of a covered condition, typically cancer, heart attack or stroke, plus a list of other serious illnesses. The money is yours to use however you need: treatment, time off, mortgage payments or simply peace of mind.
- Tax-free lump sum on diagnosis
- Cancer, heart attack, stroke + more
- Return-of-premium options
- Standalone or rider on life policy
Speak to an advisor
Life and living benefits advice.
Our LLQP-licensed, FSRA-regulated life advisors review your situation and explain the options that match your goals and budget.
Speak to a Broker Book an AppointmentWho this is for
- Anyone with a mortgage or dependents
- Self-employed without disability coverage
- Clients with a family history of covered conditions
- Business owners protecting key personnel
How BrokerUnion helps
- Compare covered-condition lists between carriers
- Model return-of-premium vs lower-premium options
- Coordinate with disability and life coverage
- Walk you through underwriting
FAQ
Common questions
How is critical illness different from disability?
Disability replaces income while you can't work. Critical illness pays a lump sum on diagnosis, regardless of whether you keep working.
Living benefits products are sold by licensed life agents and are regulated separately from property and casualty insurance in Ontario.
Ready to talk critical illness insurance?
A licensed broker will review your situation and walk you through your options. No pressure, no jargon.
More life & wealth coverage
Term Life Insurance
Affordable coverage for a defined period.
Whole Life & Permanent Insurance
Lifetime coverage with a cash-value component.
Disability Insurance
Replace your income when you can't work.
Personal Mortgage Protection
Better than the bank's mortgage insurance.
Travel Insurance
Out-of-province medical and trip protection.