Critical Illness Insurance Plan

Why Critical Illness Insurance?

There is not any amount of money that is worth suffering through a severe illness. However, having financial security in times like these can massively help. Talk to our team at Equitable Life of Canada and inquire about how you can upgrade your insurance plan to protect your family's finances against dangerous illnesses with a Critical Illness Insurance Plan.

EquiLiving Insurance Plan

After you have been diagnosed with a serious illness covered by the plan, EquiLiving provides a lump-sum tax-free benefit, following a survival period of typically 30 days. You can use the benefit as you see fit.

Why the plan makes sense?

With the advancement in technology and medicine in recent times, the cost of treating severe medical illnesses can be staggering. And relying on the government health care programmes can be futile, as they cover only the basic diseases. EquiLiving could help:

• Keep your family and you safe in your home

• Keep your business viable,

• Cover the cost of extended health care requirements

• You to undertake out-of-country or alternative therapies

Illnesses covered in this policy:

• Coma

• Kidney failure

• Loss of speech

• Motor neuron disease

• Paralysis

• Cancer

• Aplastic anemia

• Blindness

• Deafness

• Loss of independent existence

• Major organ transplant

• Multiple sclerosis

• Parkinson's disease

• Heart attack

• Alzheimer's disease

• Bacterial meningitis

• Coronary artery bypass

• Heart valve replacement

• Loss of limbs

• Major organ failure on the waiting list for a transplant

• Occupational HIV infection

• Severe burns

• Stroke

• Aortic surgery

• Benign brain tumour

Get the best Insurance Quote from Equitable

Call 1 844-542-4678 to speak to our advisors.

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Additional medical conditions covered for children

EquiLiving provides insurance coverage for the below-mentioned five childhood medical conditions until the age of 25:

• Cystic fibrosis

• Muscular dystrophy

• Type 1 diabetes mellitus

• Cerebral palsy

• Congenital heart disease

Note: Loss of independent existence benefits cognitive impairment and a total and permanent inability to perform two or more mundane functions: bathing, dressing, toileting, continence, transferring, feeding. For insurance plans regarding children, loss of independent existence does not apply until the age of 18, which is added automatically to the coverage.

Bundling protects your total life and health needs

Adding EquiLiving Critical Illness Insurance to your term, whole life or universal life insurance policy helps protect your health and total life needs in one easy and stress-free policy.

Safeguarding the Important Things in Life

Are you Protected from the Important Things in Life?

Take the test below and find out. Please rate the following events from 1 to 5, where one represents the most severe financial impact. After you have made your rating, stipulate whether you have insurance in place to help cover the event's economic impact.

* Based on the annual contribution limit ** The annual limit is set under the guidelines of the Canada Revenue Agency (CRA). Your Notice of Assessment (NOA) will let you know if you have any unused contribution room from previous years. This information does not constitute tax, professional, or legal advice. Information is believed to be accurate. However, accuracy is not guaranteed.

The Risk Is Real, and the Medical Costs are Staggering

Government health plans may cover only basic illnesses. To get life-saving treatment, most Canadians dip into their life savings and exhaust it to cover their medical expenses. Or they need to take out loans to their house or vehicles to remain financially independent for as long as possible.

A Critical Illness Doesn't Mean Financial Hardship

Critical Illness Insurance offers financial security when it is vital; so that you spend all your energy focusing on your recovery.

Critical Protection Plan

Have you ever giving thought to the financial implications of suffering from a severe illness? Don’t worry! EquiLiving can help.

What is the Plan?

EquiLiving® is a Critical Illness Insurance policy that covers the costs such as medical and living expenses while making sure you focus on your recovery. For further details, get in touch.

How the Policy Works

After you have been diagnosed with any of 25 severe medical conditions covered by the plan, EquiLiving provides a lump-sum benefit, following a survival period of typically 30 days. You can use the benefit as you see fit without impacting your standard of living or savings.

Personalizing Your Policy

There are three plan types and a range of optional ridersavailable to help you customize your insurance policy to suit your needs. These include:

• Return of premiums on death: No EquiLiving benefit will be paid or is payable when you pass away.

• Critical Illness Insurance riders on term life insurance, whole life insurance, and universal life plans.

• Return of premiums on surrender/expiry: This gives you the chance to return your premiums if you have not suffered from a severe illness.

• Term insurance riders offer an affordable way to care for your life and health needs in one hassle-free and straightforward policy.

Built-in Features of the Plan

EquiLiving insurance plan includes the below-mentioned benefits:

• EquiLiving premiums give you peace of mind knowing that they are guaranteed and what your costs will be.

• For non-life-threatening conditions such as coronary angioplasty, early prostate cancer, ductal breast cancer, and superficial malignant melanoma, early detection benefit pays up to $50,000

Why the Plan Makes Sense

With the advancement in technology and medicine in recent times, the cost of treating severe medical illnesses can be staggering. And relying on the government health care programmes can be futile, as they cover only the basic diseases. EquiLiving could help:

• Keep your family and you safe in your home

• Keep your business viable,

• Cover the cost of extended health care requirements

• You to undertake out-of-country or alternative therapies

• You to take leave from work to tend to your sick child.

When your medical needs are critical, EquiLiving helps you to remain as financially independent as possible.