What is critical illness insurance?

Medical advances have dramatically improved the survival rates of people who suffer critical illnesses such as cancer, stroke and heart disease.  Recovery may come with a significant financial cost that impacts both you and the people close to you.

Critical illness insurance from Sun Life offers the financial help to pay the costs associated with life-altering illnesses. If you become sick with an illness covered by your policy and survive the waiting period, you’ll receive a lump-sum cash payment. And, unlike reimbursed health insurance benefits, you decide how to spend the money.

Critical illness insurance can help you:

  • Reduce debt and other financial concerns while you cope with your illness
  • Replace any reduced or lost income for you and your spouse, who may wish to take time off work to care for you
  • Bring in additional help at home for you and your family
  • Consider new medical treatments and medications not covered by private or government health insurance plans

We have 3 plans to meet your needs:

Sun Critical Illness Insurance

  • Gives you the advantage of comprehensive critical illness coverage that includes a broad range of covered illnesses
  • Adult plans are available in amounts of $25,000 to $2,500,000
  • Child plans are available in amounts of $25,000 to  $1,000,000
  • Available options include return of premium benefits and the ability to convert the policy to long term care insurance

Learn more about Sun Critical Illness Insurance

SunSpectrum Basic Critical Illness Insurance

  • Provides coverage for 4 leading health risks facing Canadians – cancer, stroke, heart attack and coronary artery bypass surgery
  • Adult plans are available in amounts of $50,000 to $500,000
  • Automatically includes a return of premium on death benefit for single life policies and waiver of premiums after first death benefit for joint life policies

Learn more about SunSpectrum Basic Critical Illness Insurance

Express Critical Illness Insurance

  • 3 available plans offer coverage for 1 to 7 common life-threatening illnesses or conditions
  • Adult plans are available in amounts of $25,000 or $50,000
  • Online approval is instant with no medical or blood work required

Learn more about Express Critical Illness Insurance

Get critical illness insurance

Step 1: Find an advisor

Critical illness insurance is a specialized product. Your decision to buy coverage should be made with the help of someone who really understands the product. An advisor can help you determine the right coverage to meet your need to protect your family and your finances. Talk to your advisor or find an advisor near you to help answer your questions. There is no cost to talk to an advisor.

Step 2: Meet with your advisor
To get the most out of the meeting with your advisor, take some time beforehand to think carefully about what you want to achieve. And because your advisor will need additional information to help recommend the policy that’s right for you, get together some basic information about your income, assets and liabilities.
Step 3: Apply for coverage
Your advisor will handle the paperwork for you. You’ll need to submit an application for a policy that will be evaluated by the insurance company. Depending on your age and the type and amount of coverage you want, you will need to answer a medical questionnaire. You may also be asked to provide additional medical information.