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Powerful lists ahead. Lawyers and insurers are among the great makers of lists. This page has two examples that deserve your attention. The first is a list of benefits you can count on when you purchase critical illness insurance. The second is an alphabetical list of covered conditions, starting with aortic surgery and ending with stroke. We prefer the first list. We sincerely hope you never need any of these benefits. But if you do, you’ll be glad your insurance gives you time and space you need to recover.
WHAT IS CRITICAL ILLNESS INSURANCE?
Critical illness insurance provides you with a tax-free one-time payment if you’re diagnosed with one of 25 covered conditions. This money can be used for anything—including to help pay your bills so you can focus on getting well.
- BENEFITS YOU CAN COUNT ON
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- If you’re diagnosed with a critical illness, you’ll receive a tax-free lump sum payment.
- You can also receive up to $50,000 for the early detection of certain cancers, with no reduction in coverage.
- You can receive these payments even if you’re healthy enough to continue working.
- There are no restrictions on how you use this money.
- Your coverage doesn’t change if you leave the legal profession.
- 25 COVERED CONDITIONS
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- Aortic surgery
- Aplastic anemia
- Bacterial meningitis
- Benign brain tumour
- Blindness
- Cancer (life‐threatening)
- Coma
- Coronary artery bypass surgery
- Deafness
- Dementia, including Alzheimer’s disease
- Heart attack
- Heart valve repair or replacement
- Kidney failure
- Loss of independent existence
- Loss of limbs
- Loss of speech
- Major organ failure on waiting list
- Major organ transplant
- Motor neuron disease
- Multiple sclerosis
- Occupational HIV infection
- Paralysis
- Parkinson’s disease and specified atypical
- Parkinson’s disorders
- Severe burns
- Stroke
Your claim may be subject to a specific diagnosis by a physician or specialist and the terms and conditions of the rider.
AVAILABLE TO EVERY MEMBER OF CANADA’S LEGAL COMMUNITY
Critical illness insurance is an optional rider on Lawyers Financial term life insurance. You must own (or concurrently apply for) at least $5,000 of term life insurance when you apply for critical illness insurance, and your term life insurance must remain in force for as long as you own this rider.
NOT-FOR-PROFIT MEANS SUPERIOR VALUE
Lawyers Financial critical illness insurance delivers essential benefits and superior value. Being a not-for-profit allows us to price this product to be among the five most affordable options in the Canadian market in nearly every age category.
A 30-year-old lawyer with a bundle of $1,000,000 of term life insurance and $100,000 of critical illness insurance could pay as little as $1.36 per day.1 Ask for a quote to learn how our rates apply to you.
BUILT-IN BENEFITS
EARLY INTERVENTION BENEFIT
This benefit rewards you for early detection and treatment of three relatively low-risk cancers by paying you 15% of the amount you’re insured for, to a maximum of $50,000, with no impact on your overall coverage. The three conditions are:
- Ductal carcinoma in situ of the breast
- Chronic lymphocytic leukemia Rai Stage 0
- Stage 1 malignant melanoma
EXCLUSIVE ACCESS TO WORLDCARE’S MEDICAL SECOND OPINION
A diagnosis can be an important first step on the way back to health—but then what? This built-in benefit puts an advocate in your corner. A registered nurse will act as your direct point of contact and can arrange to have your file reviewed by a team of 4 to 7 health specialists from top-rated hospitals to help ensure you have the right diagnosis and treatment plan.
YOU CHOOSE YOUR COVERAGE
You can purchase between $25,000 and $1,000,000 of critical illness insurance, in units of $1,000.
VOLUME SAVINGS FOR LARGER PURCHASES
Rate reductions for critical illness insurance are available at coverage bands of $250,000, $500,000, and $750,000. Buying additional coverage can be an effective way to protect yourself and the people who rely on you from the financial consequences of a critical illness.
GUARANTEED COVERAGE
We’ve been insuring Canada’s legal community for more than 40 years. In the unlikely event that the Lawyers Financial master policy is terminated, your coverage is guaranteed to continue with Manulife at reasonable rates without having to provide proof of good health.
Invest in your peace of mind. Life doesn’t always stick to the outline. Control what you can control with critical illness insurance that gives you the time and space you need to recover.
1. This quote is for a 30-year-old non-smoking female purchasing a bundle that includes T5 term life insurance at standard rates. The same coverage for a 30-year-old non-smoking male would cost approximately $1.69 per day.
The information on this page is meant to provide you with a brief description of the Lawyers Financial critical illness insurance plan and should not be considered part of any contract. Certain benefits and conditions may have changed since this page was published and other conditions may apply. Coverage may be subject to proof of income, evidence of good health, and approval by our insurer. Other conditions may also apply. Please contact your Lawyers Financial advisor about the exact terms and conditions of your plan.
Critical illness insurance sponsored by Lawyers Financial, formerly The Canadian Bar Insurance Association (CBIA), is underwritten by The Manufacturers Life Insurance Company (Manulife). PO Box 670 STN Waterloo. Waterloo, ON, N2J 4B8.
