Website maintenance starting Friday April 19 @ 9pm ET
The secure site and tools will be temporarily unavailable starting Friday April 19 @ 9pm until 9pm on Saturday April 20 ET for system maintenance. Thank you for your understanding.
Website maintenance starting Friday April 19 @ 9pm ET
The secure site and tools will be temporarily unavailable starting Friday April 19 @ 9pm until 9pm on Saturday April 20 ET for system maintenance. Thank you for your understanding.
For evidence requirements, please refer to the Critical Illness Insurance underwriting requirements
Based upon information gathered during the application process, the underwriter retains the option to order additional requirements.
The underwriter orders APS reports. Dynacare, a third party company, collects the information for these reports.
An APS will be a routine requirement for any age and amount in the following situations:
New Guidelines for APS requests on Critical Illness Insurance
Critical Illness Insurance - Routine Age and Amount
Age | Amount |
---|---|
0-12 months | $250,001 and up |
13 months-40 | Not required |
41-50 | $500,001 and up |
51-60 | $250,001 and up |
61-70 | $100,001 and up |
Critical Illness Insurance - Recent visits or check-ups
An APS will be required on applicants who have had recent visits or check-ups (other than cold/flu, normal pre-natal, or employment physicals).
Age | Amount |
---|---|
13 months-40 | $500,001 and up, within 3 months of application |
41-60 | $250,001 and up, within 3 months of application |
An APS is often required for critical illness insurance underwriting. Please note that form Authorization to disclose medical information (E276) is required by all clinics and hospitals in Quebec. An original signature (not copied or faxed) is required. To avoid asking the client for another signature, it is advisable to complete and sign the form at the time of application.
The following persons may buy a critical illness insurance policy that insures a child:
When a grandparent (who is not the legal guardian) purchases a policy on their grandchild:
If a person other than a parent, legal guardian or grandparent of the child applies to purchase the policy:
The grandparents will be required to complete a family history questionnaire if:
Parents can apply for up to $150,000 of coverage on their children, regardless of the amount of critical illness coverage they themselves have in force. Higher amounts are available if both parents have some insurance coverage in force. For more details, refer to the Critical Illness Insurance - Financial Underwriting Guidelines.
Financial Underwriting Guidelines for adults and students
Please refer to the Critical Illness Insurance - Financial Underwriting Guidelines.
No use of tobacco or product containing nicotine for the past 12 months.
Note: We may offer non-smoker rates for new applications where the proposed insured is an occasional large cigar smoker (up to 12 large cigars per year) and has a negative cotinine test (when testing is required).
The minimum rating is +25 (125%).
The maximum rating is +150 (250%).
Children will only be accepted if they qualify as a standard risk.
Ratings do not apply to any premium paid for a return of premium benefit.
We will issue critical illness insurance policies to an owner or insured person who has “permanent Canadian residence status”.
Frequent foreign travel may be rated or declined. We will decline an application where the proposed insured travels to destinations we consider unsafe.
Subject to exclusions and restrictions, some of which are described below, from the moment the application is signed, temporary insurance coverage is available on any insured person age 65 or less, equal to the amount of the critical illness insurance benefit applied for, up to a maximum of $500,000 per insured person and applies to any and all pending critical illness insurance applications with the company. A full description of the temporary insurance is included in the Application for life and/or critical illness - 810-2799.
Temporary insurance coverage is available if:
The temporary insurance coverage provides immediate coverage and terminates on the earliest of:
In the unlikely event we are not able to complete the underwriting assessment in 90 days, the temporary insurance coverage will terminate and any premiums paid will be refunded.
The coverage for cancer or benign brain tumour will end and we will not make any payment if within the first 90 days following the later of:
the insured person has:
Coverage for all other covered critical illnesses will continue provided the insured person's critical illness does not result directly or indirectly from any cancer or benign brain tumour or cancer treatment or treatment for benign brain tumour.
We permit backdating to save age up to a maximum of 6 months from the application signed date. The insurance coverage including the benefits is determined according to the client’s actual age at the time they sign the application. We will not accept backdating if the client’s actual age makes them ineligible to apply for a policy or a benefit.
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