Critical Illness

Critical Illness is a form of protection which pays lump sum if insured is diagnosed with specified disease and survives 30 days (some policies specify periods greater than 30 days) For some conditions such as cancer, most policies specify period of 90 days.

Purpose is to provide a tax-free lump sum payment upon the diagnoses of one of a number of critical illnesses e.g.

Covered conditions may include:

Alzheimer's Disease Aortic Surgery Aplastic Anemia Bacterial Meningitis Benign Brain Tumour Blindness Cancer Life-Threatening Coma Coronary Artery Bypass Surgery Deafness Heart Attack Heart Valve Replacement Kidney Failure

Loss of Independent Existence Loss of Limbs Loss of Speech Major Organ Failure on Waiting List Major Organ Transplant Motor Neuron Disease Multiple Sclerosis Occupational HIV Infection Paralysis Parkinson's Disease Severe Burns Stroke

Critical insurance is available between the ages of 18 to 65.

Most critical illness benefits are paid directly to the individuals insured under the plan and they decide how they wish to use the benefit. Payment of benefit is based on the medical diagnosis of a certified Canadian physician or specialist for the specific condition.

Product Type Available

Critical illness can be purchased stand alone or along with the bundle plan. Return of premium, upto 100% should you wish to terminate your coverage for any reason, after your policy has been in force for a specific amount of time.

Manulife's Lifecheque Basic Critical Illness Insurance offers:

Coverage for 5 major illnesses including cancer, heart disease, stroke, aeortic surgery and coronary artery bypass surgery.
- Lump sum payments of $25,000, $50,000 or $75,000 with a Return of Premium option.
- Coverage for applicants between the ages of 18 and 75.