Critical Illness Insurance Alberta
CanCare Life helps you understand your coverage for critical illness and make an informed decision while choosing the coverage.
Your Shield Against Critical Health Risks
Alberta critical illness coverage is designed to help you manage the costs associated with serious health conditions. Coverage provides a lump sum payment if you are diagnosed with covered illnesses, helping offset expenses beyond medical bills like mortgage payments, family care, and daily living costs. Critical illness coverage helps ease the burden by providing financial support when you need it most.
Helping more than a hundred thousand families, there’s no stopping the betterment
CanCare Life ensures Alberta residents are prepared for the unexpected. Therefore, we make understanding your plans a key priority.
Areas We Serve
Protecting Albertans Across the Province:
Critical illness insurance in Edmonton
Critical illness insurance in Calgary
Critical illness insurance in Red Deer
How does the payout work for critical illness insurance in Alberta?
If you are diagnosed with a covered illness and survive the required waiting period, you will receive a comprehensive payment. Significantly, the waiting period in Alberta is typically 30 days. This payment is tax-free and can be used for any need.
Who should consider critical illness insurance in Alberta?
This type of coverage is especially beneficial for individuals with family responsibilities who want to protect their loved ones financially. In addition, self-employed people who do not have employee benefits can benefit from this coverage.
Can I combine critical illness insurance with life insurance in Alberta?
Yes, you can combine both insurances while staying in Alberta. Several insurers offer combination policies, allowing you to add Alberta critical illness coverage to your life insurance plan. This can be more cost-effective than managing separate policies.
Do critical illness premiums increase over time in Alberta?
It depends on the policy type you choose. Level Premiums for critical illness in Alberta stay the same for the duration of the policy. However, premiums may increase at the renewal of the policy. On the other hand, permanent critical illness plans also have fixed premiums.
Coverage Options
1
Cash Allowance
Get a daily sum for hospital stays to cover costs during hospitalization for critical illness.
2
Insurance Restoration
Restore your coverage after a claim, allowing you to use benefits again for another illness.
3
Non-participating Structure
Lower and predictable premiums till you age 100, so you don’t face or see profit-sharing.
4
In-House Coverage
Personalized coverage for visits by doctors, tests, or treatments wehn conducted at home.
5
Death Benefit
Comprehensive payout to beneficiaries upon enrollee’s death, which remains unchanged.
6
Wellness Benefits
Get comprehensive small cash benefits for health screenings or preventive check-ups.