Critical Illness

Insurance plans helping to pay the costs associated with surviving a life-altering illness. Get a stand-alone plan or add as a rider to your existing life insurance policy.

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Why Do You Need Critical Illness Insurance?

No matter your situation (single parent, family, independent business owner, contract worker without benefits, etc) a serious illness could dramatically change both your life and your family’s life.

The many critical Illness plans we carry may be the answer to your worries. It offers you vital coverage for your financial health; therefore, you can focus on your personal health. Upon diagnosis of a critical illness, it pays a lump sum to the insured patients who survive.

What is Critical Illness?

Critical Illness Insurance pays a lump sum Benefit upon diagnosis of a covered condition, such as, heart attack, cancer and stroke. Critical illness insurance first emerged in South Africa in 1983 and was known as dread disease insurance.

Dr. Marius Barnard Founder of Critical Illness Insurance, the brother of the late world-renown South African heart transplant surgeon, Dr. Christian Barnard

How does Critical Illness Work?

There is a 30 day survival period. If you are alive on the 31st day after diagnosis or surgery, then the benefit becomes payable.

Frequently Asked Questions

  • Is Critical Illness Insurance worth the money?

    Critical illness insurance is an excellent way of purchasing peace of mind knowing that you have a financial safety net in place in case a sudden critical illness arise. This policy can be your saviour in such a situation where you are unable to work while you recover.

    While we do have excellent healthcare in Canada, it certainly does not cover all costs associated with a critical illness. If you are self-employed, critical illness isn’t just a recommended policy – it is essential!

  • What are the major illnesses covered by a critical illness insurance policy?

    While the number of illnesses vary from insurer to insurer, below are some of the most common critical illnesses covered by a critical illness insurance policy:

    1) Cancer

    2) Heart Attack

    3) Stroke with a permanent neurological disorder

    4) Kidney failure

    5) End-stage lung disease

    6) End-stage liver failure

    7) Coma

    8) Loss of hearing

    9) Permanent loss of speech

    10) Major Burns

    11) Major organ or bone marrow transplant

    12) Multiple Sclerosis

    13) Muscular Dystrophy

    14) Idiopathic Parkinson’s Disease

    15) Alzheimer’s Disease / Severe Dementia

    16) Primary Pulmonary Hypertension

    17) HIV Due to Blood Transfusion and Occupationally Acquired HIV

    18) Benign Brain Tumour

    19) Encephalitis

    20) Severe Bacterial Meningitis

    21) Blindness

    22) Paralysis

    23) Terminal Illness

    Get in touch with our advisors to know more about the illnesses covered by the best and affordable critical illness insurance plans.

  • What is the cost of a critical illness insurance policy?

    The cost is dependent on several factors, like your age and current health condition, the number of illnesses included in your policy along with the length of the term (10 or 20 years, or up to a particular age).

    A regular critical illness insurance policy of $100,000 coverage may cost a 35-year old male, non-smoker only $42/month for 20 years.

    The younger you buy it, the better the rates.

    That’s lesser than a latte a week. However, the cost is variable and is dependent on several factors like:

    To know how much a critical illness insurance policy would cost for you depending on your age, gender, health status, term length and coverage amount, get in touch with our advisors.

  • When should I purchase Critical Illness Insurance policy?

    The best time to purchase critical illness insurance policy is when you are young and healthy because the rates are low that you can lock in for years to come. The costs increase as you age.

    You can either purchase critical illness insurance as a standalone policy or as a rider to your existing life insurance plan. Get in touch with our advisors to know what is the best option for you.

  • Why purchase Critical Illness insurance from Trust Life advisors?

    Our advisors aren’t bound to a particular insurance company or the products of a specific company. They are free to research multiple companies along with their offers and discounts to find the best price for you as far as critical illness insurance is concerned.

    We provide a customized critical illness insurance plan by taking a closer look at your needs and financial condition, thus, ensuring everything stays under budget and you are neither overinsured nor underinsured in any way.

    We will also get you the best available deal from a wide array of options across a host of insurance companies, while direct insurance company agents are bound to represent a particular company, and are hence, extremely limited to the number of products they can offer.

    Our consultation is absolutely free of any charge with zero obligations.

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