Critical Illness Insurance British Columbia

CanCare Life helps you gain clarity on your critical illness coverage and the benefits you can be eligible for with clarity and ease.

Stability for Unforeseen Illness

Critical illness plans British Columbia are for residents to stay prepared for life’s uncertainties by offering financial support in the event of a serious diagnosis. These often include cancer, stroke, heart attack, or organ failure. With British Columbia critical illness coverage, you receive a single, tax-free lump sum to cover medical expenses, treatments, and other daily needs. It also helps protect your retirement plans and other long-term financial goals from being derailed by an unforeseen health crisis

Helping more than a hundred thousand families, there’s no stopping the betterment

Unpredictable health challenges require preparation and CanCare Life simplifies and helps you understand all aspects of your coverage options.

Areas We Serve

Protecting British Columbians Across the Province:

Critical Illness Insurance in Vancouver
Critical Illness Insurance in Surrey
Critical Illness Insurance in Burnaby
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How does the coverage payout work for critical illness insurance in British Columbia?
The coverage payout for British Columbia works on the diagnosis of covered illness and surviving the required waiting period. You will then receive a comprehensive payment. Significantly, the waiting period in British Columbia is typically 30 days. This payment is tax-free and can be used for any need.
Why critical illness insurance must be considered in British Columbia?
In British Columbia, critical illness insurance must be considered as it proves beneficial for individuals with family responsibilities. These are specifically the ones 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 critical illness insurance and life insurance work together in British Columbia?
Yes, both insurance plans can be equally effective while staying in British Columbia. Several insurers offer combination policies, allowing you to add British Columbia 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 British Columbia?
It depends on the policy type you choose. Level Premiums for critical illness plans British Columbia 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

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1

Lump-Sum Payment

Receive a one-time payment to cover immediate financial needs upon illness diagnosis.
2

Treatment Costs

Helps manage expenses for medical treatments not fully covered by provincial health plans.
3

Family Support

Provides funds to assist with childcare, eldercare, or household help when you are unwell.
4

Policy Renewal

Recover your full coverage after a claim to stay protected against future unexpected events.
5

Living Expenses

Supports mortgage, rent, utilities, and groceries costs and lost income during recovery.
6

Rehabilitation Costs

Covers expenses related to therapy, counseling, or rehabilitation services for after illness.

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