Critical Illness Insurance Protection:
As unfortunate as this is, 1 in 2 Canadians will develop a life threatening cancer over the course of their lives, while for 1 in 4 it will be the cause of death. Moreover, heart attacks and strokes represent another potential danger to one’s health and financial prosperity given the usually lengthy recovery process as well as possible complications.
Yet, despite rather depressing statistics, we would like to offer you a comprehensive Critical Illness Insurance from one of the most reputable providers in Canada – Manulife!
Such insurance offers you an income protection tool that you can include in your financial planning in order to accommodate the costs associated with treatment and recovery in case you develop one of the covered conditions.
Critical Illness Insurance with Paid Premium Return:
Return of Premium Option is a safeguard against losing your policy and pouting the money down the drain! If you are lucky and do not have a serious illness at the time of your 75th birthday, you will get back every penny you have paid for your insurance policy in a single lump-sum payment!
Return of Premium: Preview
Return of Premium: Rider Conditions
Return of Premium: Payment Requirements
Return of Premium: Payable Difference
Eligibility & Limitations
Although in order to apply for Lifecheque Basic Critical Illness insurance coverage from Manulife, you are not required to submit a record of family history or a medical questionnaire, each applicant must meet certain eligibility requirements listed below.
Non-smoker Savings: If you are a non-smoker, you can receive up to 50% in payable premium reduction as opposed to people who used tobacco including substitutes, cessation aid and/or cannabis products within the last 12 months.
Critical Illness Insurance: Benefits
If you happen to be diagnosed with a covered illness, whilst your insurance is in effect, you will obtain a tax-free lump-sum payment 30 days after the diagnosis of a critical illness. This payment may be used in any way you wish, without restriction.
– One-time payment of insured amount 30 days after the first diagnosis of a covered illness / surgery
– No medical questionnaire and no family history is required
– Payable policy premiums are guaranteed not to change for 5 years
– 30-days coverage for FREE (with a monthly payment option)
– Full Premium Return Option (for applicants 18-55 at the time of initial application only)
For a complete coverage description please contact our Insurance Advisors.
