What's Covered

Life threatening cancer, Heart attack and stroke represent approximately 90 per cent of the adult critical illness claims made so far to insurers in Canada. These illnesses are generally classed as basic coverage by all of the companies offering coverage. Most Canadian life insurance companies offer a basic plan and an enhanced plan with more comprehensive coverage.

A basic adult critical illness plan covers the following life threatening illneses:

• Cancer
• Stroke
• Heart Attack

An enhanced critical illness plan for an adult would cover the previous three basic life threatening illneses plus more or less, the following list of illnesses. Please note that the following list is simply a guideline for enhanced coverage. Generally an enhanced plan will offer most or all of the following illnesses coverages. Not all insurance companies offer the same mix of coverage and even if they do, definition of coverage may be different. Cost of coverage also differs from company to company.

• Coronary Artery Disease Surgery
• Renal [Kidney] Failure
• Heart Valve Replacement
• Vital Organ Transplant
• Occupational HIV Infection
• Aortic Surgery
• Alzheimer Disease
• Benign Brain Tumour
• Blindness
• Coma
• Deafness
• Paralysis
• Multiple Sclerosis
• Parkinson Disease
• Loss of Speech
• Severe Burns
• Loss of Independence
• Motor Neuron Disease [ALS]

The following list of children's critical illnesses is an example of the coverage offered to a child up to age 18. This kind of coverage could be offered to to a healthy child from the age of 30 days to age 17.

• Aplastic Anemia
• Autism
• Bacterial Meningitis
• Blindness
• Cancer
• Cerebral Palsy
• Cystic Fibrosis
• Deafness
• Kidney Failure
• Major Organ Transplant
• Muscular Dystrophy
• Paralysis
• Type 1 Diabetes Mellitis

Built into most critical illness policies is a return of all premiums on death if the insured dies during the survival period or from a condition or event not defined as a critical illness without having made a prior claim. Other possible options at additional cost are:

• Return of Premium on Maturity/Expiry of Coverage.
• Return of Premium on Surrender of Policy.

Critical illness plans are not available after age 65.

If you are satisfied with the quote you have received and you wish to apply for coverage, please contact me again and arrangements will be made for completion of a confidential application for coverage. My local telephone number in the Vancouver area is 604-535-2404, and for the rest of British Columbia and Ontario toll free 1-800-667-8818. My e-mail is john@beaton-insurance.com

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