Sun Critical Illness Insurance gives you the advantage of comprehensive coverage in amounts from $25,000 to $4 million for adults and for $25,000 to $1 million for children.
The adult plans covers 26 critical illnesses for full payout (including acquired brain injury and loss of independent existence) and 8 minor illnesses for partial payout. The child plans cover an additional 5 illnesses.
Sun Life Medical Second Opinion, by Dialogue is also available to help you understand your medical condition and treatment options so you can make informed decisions about your healthcare.
Coverage amounts
At Sun Life, we offer 2 critical illness insurance products: Sun Critical Illness Insurance and Express Critical Illness Insurance. These products offer different amounts of coverage.
Our most comprehensive CII policy.
It can:
It depends on the product you’re applying for. If you’re applying online for Express Critical Illness Insurance, then you won’t have to answer any medical questions or undergo a medical exam.
However, if you’re applying for Sun Critical Illness Insurance, which offers coverage up to $4,000,000, you may need to complete a medical exam during the application process.
When you choose Sun Critical Illness Insurance, your policy defines the illnesses for which you are covered. You must meet the definition and the associated survival period to receive the benefit.
Coverage automatically renews at the end of each 10-year term, and the renewal premiums are guaranteed.
This plan provides coverage to the policy anniversary nearest the insured person’s 75th birthday. Coverage will end earlier when:
This plan provides coverage to the policy anniversary nearest the insured person’s 75th birthday. Coverage will end earlier when:
Premiums stay the same during the payment option chosen. There are 2 payment options:
This plan provides coverage for life. At the end of the payment period, coverage will continue until:
Premiums stay the same during the payment option chosen. There are 3 payment options:
Sun Life Medical Second Opinion, by Dialogue services are available to help you understand your medical condition and treatment options so you can make informed decisions about your healthcare1.
1 Dialogue is a wholly-owned subsidiary of Sun Life Assurance Company of Canada operating as a stand-alone entity.
All representations about the services of Sun life Medical Second Opinion, by Dialogue are those of Dialogue, Inc. and not Sun Life Assurance Company of Canada. Sun Life Assurance Company of Canada cannot guarantee the availability of the services and reserves the right to cancel the services at any time.
These benefits can be added to enhance your plan at an additional cost:
There are 3 options for adult plans:
15-year option. We will pay a percentage of the returnable premium amount to the owner if the policy is cancelled on or after the 3rd policy anniversary, if the CII benefit is not payable. The benefit has no value if the policy is cancelled before this date. The percentage amount starts at 10% of the returnable premium amount and increases by 7.5% per year to a maximum of 100%. (Not available on T10 plans) If the policy expires at age 75 and no claim for a full-payout covered illness has been made, you can receive 100% of the returnable premiums. We will also pay the policy owner any amount in the withdrawable premium fund on the policy end date.
Policy anniversary |
Percentage |
|---|---|
3 |
10.0% |
4 |
17.5% |
5 |
25.0% |
6 |
32.5% |
7 |
40.0% |
8 |
47.5% |
9 |
55.0% |
10 |
62.5% |
11 |
70.0% |
12 |
77.5% |
13 |
85.0% |
14 |
92.5% |
15+ |
100.0% |
Age-65 option. We will pay a percentage of the returnable premium amount to the owner if the policy is cancelled on or after the policy anniversary nearest the insured person’s 53rd birthday, if the CII benefit is not payable. The benefit has no value if the policy is cancelled before this date. The percentage amount starts at 10% of the returnable premium amount and increases by 7.5% per year to a maximum of 100%. It is not available on plans with limited premium payment periods. If the policy expires at age 75 and no claim for a full-payout covered illness has been made, you can receive 100% of the returnable premiums. We will also pay the policy owner any amount in the withdrawable premium fund on the policy end date.
Age nearest policy anniversary |
Percentage |
|---|---|
53 |
10.0% |
54 |
17.5% |
55 |
25.0% |
56 |
32.5% |
57 |
40.0% |
58 |
47.5% |
59 |
55.0% |
60 |
62.5% |
61 |
70.0% |
62 |
77.5% |
63 |
85.0% |
64 |
92.5% |
65+ |
100.0% |
Age-75 option. We will pay a percentage of the returnable premium amount to the owner if the policy is cancelled on or after the policy anniversary nearest the insured person’s 63rd birthday, if the CII benefit is not payable. The benefit has no value if the policy is cancelled before this date. The percentage amount starts at 10% of the returnable premium amount and increases by 7.5% per year to a maximum of 100%. It is not available on plans with limited premium payment periods. If the policy expires at age 75 and no claim for a full-payout covered illness has been made, you can receive 100% of the returnable premiums. We will also pay the policy owner any amount in the withdrawable premium fund on the policy end date.
Age nearest policy anniversary |
Percentage |
|---|---|
63 |
10.0% |
64 |
17.5% |
65 |
25.0% |
66 |
32.5% |
67 |
40.0% |
68 |
47.5% |
69 |
55.0% |
70 |
62.5% |
71 |
70.0% |
72 |
77.5% |
73 |
85.0% |
74 |
92.5% |
75 |
100.0% |
There are 2 options for child plans:
The returnable premium amount is the total of all premiums paid for the policy minus any premiums paid for the long term care conversion option, if included in the policy.
This benefit continues coverage if the insured person becomes totally disabled. You will not have to pay premiums for your insurance and any optional benefits.
If the policy owner dies, we will pay the premiums for the insurance and any optional benefits.
If the policy owner becomes totally disabled, we will pay the premiums for the insurance and any optional benefits.
If the policy owner dies or becomes totally disabled, we will pay the premiums for the insurance and any optional benefits.
The long term care conversion option gives you the right to convert critical illness insurance to a long term care insurance policy without the need to supply us with new medical information or a medical review.
The premium you pay will depend on:
Premiums are guaranteed as shown in your policy.
Read examples of text that can appear in a policy. Not all the provisions apply to every policy – it is simply for your reference. When we issue a policy it governs the legal relationship between Sun Life Financial and the client. An actual policy can have provisions that are somewhat different from those that you've read here.
Term 10 (insured person: age nearest 18 - 65)
Term 75 – limited pay (insured person: age nearest 18 - 65)
Lifetime (insured person: age nearest 18 - 65)
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.
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.
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.
