Skip to main content
Critical Illness Insurance
Wealth planning

Critical illness insurance


Protect yourself so you don't have to choose between personal health and financial wellness.

Critical illness insurance

Critical illness insurance pays a lump sum, tax-free benefit if you are diagnosed with a critical illness covered under your policy. This benefit can be used for whatever needs are necessary. Some people use this sum to pay bills like their mortgage, seek alternative health care, extend their time off from work, or allow a family member to help take care of them.

Critical illness insurance is right for you if:

  • You don’t want to use your retirement savings
  • You couldn’t meet your financial needs if you were unable to work
  • You don’t want to take on additional debt or dip into your retirement savings to pay for medical services
  • You’re self-employed

Critical illness insurance helps:

  • Give you and your family peace of mind while you recover from an illness
  • Provide you with a lump-sum payment to be used however you see fit
  • Acts as a safety net if you have no benefits coverage
 

Critical illness or disability insurance

While similar in nature, disability insurance helps provide income if you are unable to work as a result of sickness or injury.

Similarly, critical illness insurance plays a lump sum, tax-free benefit to you if you are diagnosed with a covered condition*. 

Talk with an advisor to see which is best for you.
Critical Illness Insurance
Insurance Specialist


Insurance advisors

Let our expert advisors guide you through the process so you can enjoy the freedom of peace of mind.

How to reach us

Call our Member Service Centre

Toll free
1-888-440-4480

Monday to Friday
8 am - 8 pm

Saturday 9 am - 5 pm

Contact tech support
Send us an email
Prospera Insurance Agencies Ltd. provides life, disability, and critical illness insurance, annuities, and full business solutions such as group benefit plans, succession planning, and business owner insurance.