Critical Illness Insurance
Focus on Recovery, Not Bills
A tax-free lump sum paid directly to you upon diagnosis of a covered illness — use it however you need, no restrictions.
Insurance services are provided through CUCULINK INC. and its licensed insurance representative(s).
Simple. Direct. Tax-Free.
Unlike disability insurance (which replaces monthly income), critical illness insurance pays a single lump sum — you receive it directly and use it however you choose.
You're Diagnosed
You receive a diagnosis of a covered condition — cancer, heart attack, stroke, or any of 25+ other qualifying illnesses.
Survival Period
Most policies require a 30-day survival period after diagnosis before the benefit is paid.
Lump Sum Paid to You
The full tax-free benefit is paid directly to you — no receipts, no restrictions on how you use it.
Second Occurrence
Some policies allow a second full payout if you are later diagnosed with a different covered condition — the policy then ends.
Second Occurrence — A Second Full Payout
Some policies allow a second full benefit payout if you are later diagnosed with a different covered condition than the first — the second payment is made in full and the policy then ends. This feature is not available on all policies and terms vary by insurer.
First Occurrence
You are diagnosed with a covered condition — you satisfy the 30-day survival period — you receive the first full benefit payment.
Second Occurrence
You are later diagnosed with a completely different covered condition — you satisfy the survival period again — you receive the second full benefit payment.
Policy Ends
After the second benefit is paid, the policy terminates — no renewals, no additional payouts.
* Availability of the Second Occurrence Benefit and its terms vary by insurer and policy — contact us to identify which policies include this feature.
No Restrictions — You Decide
Replace Lost Income
Cover your salary while you're unable to work during treatment and recovery.
Pay for Private Care
Access private specialists, experimental treatments, or care not covered by OHIP.
Reduce Financial Stress
Focus on recovery — not on how to pay the mortgage, bills, or childcare.
Protect Your Savings
Avoid depleting your RRSP, TFSA, or retirement savings during a health crisis.
25+ Covered Conditions
Coverage varies by insurer and policy — we compare options to find the broadest coverage at the best price.
* Exact covered conditions vary by insurer and policy. Contact us for a detailed comparison.
Bank Branch Insurance Is Limited to Certain Authorized Products
Bank branch employees may offer certain bank-authorized insurance products, but they are not generally licensed to advise on the broader range of personal insurance solutions available through licensed insurance professionals.
Unsure How Much Coverage You Need?
Use our free Financial Needs Analysis (FNA) to calculate the right type, amount, and term of coverage for your family or business — no obligation.
Important Insurance Information
Insurance products are subject to eligibility and underwriting requirements and to the terms, conditions, limitations and exclusions of the applicable policy or contract.
Clients should review the complete policy wording and related documents carefully before purchasing coverage for full details of benefits, limitations, exclusions and conditions.
The information provided on this page is for general educational and informational purposes only and does not constitute a contract of insurance or a guarantee of coverage.
Get a Free Critical Illness Quote
We work with 20+ insurers and financial partners to find the right coverage amount and conditions for your situation — free, no obligation.