Critical Illness Insurance in Canada Flashcards
1
Q
Critical Illness Insurance in Canada
Types
A
- Standalone
- Acceleration
2
Q
Critical Illness Insurance in Canada
Definition
A
- Insured is Diagnosed with covered condition
- Condition meets definition in policy and is not excluded
- Insured survives for specified period
3
Q
Critical Illness Insurance in Canada
Covered Conditions
A
- Basic = Heart attack, life-threatening cancer, stroke, CABG
- Enhanced = 15-20 additional conditions
- MS, Dialysis, Brain, Degenerative, Body, etc.
4
Q
Critical Illness Insurance in Canada
Features
A
- Return of Premium on Death/Expiry/Surrender
- Non-level face amounts
- Partial benefits for non-life-threatening conditions
- Assistance benefits (consulting on diagnosed condition)
