Critical Illness Insurance
Focus on healing and take care of your future.
A serious illness can leave you facing not only health challenges but also unexpected financial burdens. This coverage can help you focus on recovery without worrying about medical bills, lost income, or the impact on your loved ones.
Your guide to critical illness insurance.
Critical illness insurance acts as a safety net, providing help if you’re diagnosed with something serious and life-threatening.
This coverage can help offset recovery-related expenses such as:
- Treatments
- Homecare
- Travel costs
- Housing costs
- Mental health support
Coverage across Canada.
Get critical illness insurance by phone or in person at your nearest location.
Common coverage types.
Our coverage options for critical illness insurance take care of a range of critical illnesses that can affect people of all ages. Amounts paid out can vary from $25,000 to $2 million, depending on your policy.
Major Cancers
This is typically the most common critical illness covered, providing a lump sum benefit if diagnosed with a covered form of cancer.
Heart Attack and Stroke
Coverage for a heart condition or event that includes heart attacks, stroke, aortic valve replacement, or other surgery needed, depending on your policy’s definition of severity.
Organ Failure
Financial support in case of critical organ failure, such as kidney failure or liver failure.
Major Organ Transplant
Coverage for the significant costs associated with organ transplant surgery.
Neurological Conditions
Some plans cover common brain diseases and disorders, such as ALS (Lou Gehrig’s Disease) or Multiple Sclerosis (MS).
Blindness
This coverage is for loss of vision beyond a certain degree.
Paralysis
This covers body paralysis, either from genetic disorders or from a specific accident.
Why choose Acera Insurance for critical illness coverage?
Our team is here to support you as you explore your critical illness policy options.
Tailored Approach
Each client is treated as an individual. We work with you to understand your coverage needs and budget.
Ultimate Choice
As one of Canada’s largest independent brokerages, we work with a large number of insurance companies, giving you plenty of choices for your coverage.
Committed to Excellence
Our advisors are experienced and knowledgeable. You’ll receive professional advice from friendly faces you’ll come to know and trust.
Answering your most common questions.
Do I need critical illness insurance?
Suffering a life-threatening health emergency or being diagnosed with a major illness is something anyone can face in life. Such a diagnosis impacts your life and your finances. Critical illness insurance is designed to help reduce financial stress while you recover. It also fills the gap between the coverages you may have through your employer’s group benefits as well as personal disability and life insurance.
When should I get critical illness insurance?
The best time to purchase critical illness insurance is when you’re young and healthy. Canadians between the ages of 18 and 65 are eligible, but keep in mind the likelihood of a serious illness increases as you age, so you will experience higher rates the older you are.
I have a pre-existing condition, can I still get critical illness coverage?
No, critical illness insurance typically does not cover pre-existing conditions but you could still be covered in the case of another life-threatening disease.
For example, you may not be covered for a heart attack if you have already had one, but you would have coverage if you were diagnosed with cancer.
How much does critical illness insurance cost?
Your rate will depend on a variety of factors:
- Your age
- Your health
- The level of coverage you want/need
Our Acera advisors will work with you to determine the right critical illness plan for your needs and budget.
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