Protect your financial health, even during an illness

Many Canadians experience a life-threatening illness like a stroke, heart attack or cancer¹. Some expenses aren’t covered by provincial health plans. That could mean dipping into your savings or retirement funds.

Critical illness² (CI) insurance can help cover daily expenses, pay for alternative treatments, or allow a loved one to have time off with you. You use it any way you need it, so you can focus on your recovery, not your finances.

How critical illness insurance works

• Is paid whether or not you’re able to work
• It’s a lump-sum payment you can spend any way you choose

The CI benefit is payable only on the first covered condition for which a diagnosis is effective, or surgery is performed, and the insured's coverage then terminates. This person can’t get insured again under this benefit.

Why choose critical illness insurance offered through CAPIC?

• It provides a one-time payment if you’re diagnosed with one of three covered diseases
• You get savings on the insurance you need, thanks to group pricing

How much coverage can you apply for?

• You and your spouse³: can apply for $50,000 to $300,000, in units of $10,000. Your spouse's coverage cannot exceed your coverage amount.

You're eligible if you meet all the criteria below:

• A CAPIC member in good standing or an employee of CAPIC
• Actively working at least 30 hours a week
• Between the ages of 18 and 64 (coverage ends on your 65th birthday)
• A resident of Canada

Meet the criteria? You can get critical illness insurance for:

• You
• Your spouse

What's the cost?

Our rate sheets can provide you with a quick estimate.

Find out more

Full descriptions and any exclusions are in your plan brochure. Here’s a list of conditions that are covered:

• Cancer (life-threatening)
• Heart attack
• Stroke (cerebrovascular accident)

Take these three steps to apply:

Medical underwriting is required.

Exclusions:

No benefits are payable for any pre-existing conditions for any amount of coverage that did not require proof of good health; and has been in effect for less than 12 months under the employer's critical illness plan.

No benefits are payable for any covered condition that results from any injury, sickness or medical condition (whether or not diagnosed) for which the covered person, during the 12 months prior to the effective date of such amount of coverage had signs, symptoms, consulted a physician or other health care practitioner; was provided any health-related care, advice or treatment; or would have consulted a physician or other health care practitioner, acting as a reasonably prudent person with such injury, sickness, medical condition, signs or symptoms.

Securian Canada won’t pay for any illness, disorder or surgery not specifically defined under the covered conditions section in the plan brochure.

No benefits are payable for claims resulting directly or indirectly from any of the following:

• Intentionally self–inflicted injuries or attempted suicide, regardless of whether the person has a mental illness or intends or understands the consequences of their actions
• Hostile action of any armed forces, insurrection or participation in a riot or civil commotion
• Participation in a criminal offence or
• Use of illegal or illicit drugs or substances, misuse of drugs or alcohol

No benefit is payable if you do not survive more than 30 days after the diagnosis of a critical condition.