Review group benefits, family cash flow, and debt obligations
Critical Illness Planning
Critical illness insurance protects choices after diagnosis.
A serious illness can disrupt income, recovery time, mortgage payments, education savings, and investment plans even when healthcare is available.
Who It Helps
Critical Illness Insurance & Return of Premium
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Primary income earners or families with mortgage obligations
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Business owners, executives, professionals, and high-income clients
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Clients comparing critical illness, disability coverage, and return-of-premium options
Planning Focus
Turn planning into clear next steps.
Compare coverage amount, term, return-of-premium options, and disability protection
Coordinate cash buffers with emergency funds, investments, and retirement goals
Scenario
Scenario: A 45-year-old executive with CI coverage
Ms. Li is 45, earns about $220K, has a mortgage, and has two children. A $250K critical illness policy with a return-of-premium option creates a cash buffer for recovery, income interruption, and debt pressure. If no eligible claim occurs, she may recover eligible premiums under the policy terms.
FAQ
Questions Clients Often Ask
Do Canadians still need critical illness insurance?
Healthcare covers part of treatment, but income interruption, recovery costs, caregiving, and mortgage pressure still create cash needs.
Is return of premium always worthwhile?
Not always. It increases cost and should be compared against budget, coverage needs, and alternative uses of capital.
How is CI different from disability insurance?
CI is usually a lump-sum benefit tied to covered diagnoses; disability insurance focuses on income replacement when illness or injury prevents work.
Start Planning
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