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Critical Illness Plans
Why choose Canada Protection Plan No Medical Critical Illness Insurance?
We’ve “unbundled” cardiac and cancer conditions, making Critical Illness Insurance more accessible.
- Clients diagnosed with Heart Disease or Diabetes can get Cancer coverage
- Clients can now choose to get both Cardiac and Cancer coverage
- Clients only pay for the coverage they choose, making their premiums more affordable
- Four plans that cover 8 major impairments and all are NO MEDICAL – Cardiac Protect CI T75, Cancer Protect CI T75, Cardiac AND Cancer Protect CI T75, Cardiac OR Cancer Protect CI T20 or T75
- Cardiac Protect CI plan is available to eligible clients who have a prior diagnosis of cancer
- For Cancer Protect CI in addition to cancer, we cover two more conditions: Benign Brain Tumour and Aplastic Anemia
- Cancer Protect CI plan is available to eligible clients who are diabetic, or who have had high blood pressure, stroke, TIA or heart attack
Our Cardiac AND Cancer plan covers both the first AND the second event. This plan can cover cardiac conditions after a cancer event or cancer conditions after a cardiac event. Premiums are reduced to cover the second group of conditions (second event) after the first group of conditions (first event) have occurred and, are based on age at application vs. age reached at first event.
- No 24/24 Pre-existing conditions clause 1
- Up to $100,000 of Critical Illness insurance protection is available depending on age and the plan your client qualifies for
- A simple and fast process – only 6 questions for up to $24,999 lump-sum protection and an additional 2 questions for face amounts $25,000 and over
- Two premium bands: Band 1: Standard rates: $10,000 – $24,999; Band 2: Preferred rates: $25,000 and over
- We don’t ask about previous decline history
- Return of Premium on Death (ROPD) rider is available on all our Critical Illness plans
- Guaranteed coverage to age 75 with premiums guaranteed in the first five years
- A variety of valuable Foresters Financial member benefits are available on many of our policies. (more…)
- Competitive rates
- You can speak directly to our underwriters and they will be happy to answer any questions
- You and your clients can complete our No Medical Life and Critical Illness Insurance application process securely online and non face-to-face
- We take great pride in providing superior customer service at issue and after issue
1 While Canada Protection Plan does not include a 24/24 pre-existing clause, some companies do. These companies can deny claims if the client had a pre-existing condition within 24 months prior to coverage that results in a claim related to the pre-existing condition within 24 months after the coverage is in effect. For example, if a client is investigated for stomach pain 15 months prior to receiving a CI contract with this clause, and is diagnosed with stomach cancer 18 months after, their claim may be denied.
Canada Protection Plan’s Critical Illness Portfolio Consists Of 4 Distinct Plans:
CARDIAC PROTECT CI
Cardiac Protect CI is a Critical Illness insurance that provides a lump sum benefit up to $50,000 upon diagnosis of Heart Attack, Stroke, Aortic Surgery, Coronary Artery Bypass Surgery and Heart Valve Replacement or Repair. This plan may be available to clients who have a prior diagnosis of cancer.
| Issue Ages | 18–65: Term to age 75 |
| Face amounts | $10,000–$50,000 |
| Level Term Periods Available | Level term to age 75 |
| Premium limitations | Minimum annual premium: $150.00 Minimum monthly PAC premium: $15.00 |
| Rate bands | Premiums are banded based on face amount Standard Rates/Band 1: $10,000 – $24,999 Preferred Rates/Band 2: $25,000 – $50,000 |
| Convertible? | Non-convertible |
| Critical Illness definition | 2018 CLHIA Benchmark definition |
| Guarantees | Premiums quoted in the policy are guaranteed for the first five years |
| Optional additional benefits |
|
| Survival Period | 30 days |
| 24/24 Pre-existing Condition | None |
CANCER PROTECT CI
Cancer Protect CI is a Critical Illness insurance that provides a lump sum benefit up to $50,000 upon diagnosis of a Life-threatening Cancer, Aplastic Anemia, and Benign Brain Tumour. This plan may be available to clients who are diabetic, or who have had high blood pressure, stroke, TIA or heart attack.
| Issue Ages | 18–65: Term to age 75 |
| Face amounts | $10,000–$50,000 |
| Level Term Periods Available | Level term to age 75 |
| Premium limitations | Minimum annual premium: $150.00 Minimum monthly PAC premium: $15.00 |
| Rate bands | Premiums are banded based on face amount Standard Rates/Band 1: $10,000 – $24,999 Preferred Rates/Band 2: $25,000 – $50,000 |
| Convertible? | Non-convertible |
| Critical Illness definition | 2018 CLHIA Benchmark definition |
| Guarantees | Premiums quoted in the policy are guaranteed for the first five years |
| Optional additional benefits |
|
| Moratorium Period | 90 days for Cancer |
| Survival Period | 30 days |
| 24/24 Pre-existing Condition | None |
CARDIAC AND CANCER PROTECT CI
Cardiac AND Cancer Protect CI is a Critical Illness insurance that provides two lump sum benefits up to $50,000 each, upon diagnosis of critical illness conditions from the following two categories:
Cardiac: Heart Attack, Stroke, Aortic Surgery, Coronary Artery Bypass Surgery and Heart Valve Replacement or Repair.
Cancer: Cancer, Aplastic Anemia, Benign Brain Tumour
Payment of a second benefit amount is possible under this policy, however only one benefit amount will be paid under each category of covered conditions.
Premiums after the first event are reduced to cover the second and are based on age at application vs. age reached at first event.
| Issue Ages | 18–65: Term to age 75 |
| Face amounts | $10,000–$50,000 per event |
| Level Term Periods Available | Level term to age 75 |
| Premium limitations | Minimum annual premium: $150.00 Minimum monthly PAC premium: $15.00 |
| Rate bands | Premiums are banded based on face amount Standard Rates/Band 1: $10,000 – $24,999 Preferred Rates/Band 2: $25,000 – $50,000 |
| Convertible? | Non-convertible |
| Critical Illness definition | 2018 CLHIA Benchmark definition |
| Guarantees | Premiums quoted in the policy are guaranteed for the first five years |
| Optional additional benefits |
|
| Moratorium Period | 90 days for Cancer |
| Survival Period | 30 days |
| 24/24 Pre-existing Condition | None |
CARDIAC OR CANCER PROTECT CI
Cardiac OR Cancer Protect CI is a Critical Illness insurance that provides a lump sum benefit up to $100,000 upon diagnosis of one of the following eight critical illness conditions: Heart Attack, Stroke, Aortic Surgery, Coronary Artery Bypass Surgery, Heart Valve Replacement or Repair, Cancer, Aplastic Anemia and Benign Brain Tumour.
| Issue Ages | 18–55: Term 20 18–65: Term to age 75 |
| Face amounts | $25,000–$100,000 for Term 20 $10,000–$100,000 for Term to age 75 |
| Level Term Periods Available | Term 20: 20 year, renewable to 75 Term to age 75: Level term to age 75 |
| Premium limitations | Minimum annual premium: $150.00 Minimum monthly PAC premium: $15.00 |
| Rate bands | Premiums are banded based on face amount Standard Rates/Band 1: $10,000 – $24,999 (Term to age 75 only) Preferred Rates/Band 2: $25,000 – $100,000 |
| Renewable without evidence of insurability on Term 20 plan | Renewable to age 75 |
| Convertible? | Non-convertible |
| Critical Illness definition | 2018 CLHIA Benchmark definition |
| Guarantees | Premiums quoted in the policy are guaranteed for the first five years |
| Optional additional benefits |
|
| Moratorium Period | 90 days for Cancer |
| Survival Period | 30 days |
| 24/24 Pre-existing Condition | None |
