Get a free Critical Illness Insurance Quote


Looking for a critical illness insurance quote?

A critical illness, like cancer or a heart attack, can leave a person in financial ruin, often even draining the patient’s life savings. Our team has numerous experts in finding you the best possible rate for critical illness insurance. Immediate coverage is available for individuals age 20 to 70.

We work with 20 various insurance companies to find the best insurance option for you. Find out more about this particular insurance below. If you are older than 70, please have a look at our section Seniors Insurance.


During these difficult COVID-19 times we are able to provide you with critical illness quotes, process your application and support you remotely.

Get your tailored guaranteed issue critical illness insurance quote

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    Guaranteed Critical Illness Insurance: Expert Summary

    “Guaranteed Critical Illness [insurance] or, sometimes referred as Guaranteed Issue Critical Illness [insurance], is Critical Illness coverage that is basically guaranteed to be issued. Now, this is different from a Standard Critical Illness policy where you have to go through a series of health questions and those types of policies generally will be a little more difficult to qualify for, but they give you a little bit better coverage. Now, with Critical Illness insurance – it’s gonna pay out a lump sum if you are diagnosed with a covered critical illness.

    So once again, when looking into the Critical Illness you are going to want to determine if the Traditional (or Standard) type policy is gonna be better for you or, if, due to some health limitations, you’d only qualify for a Guaranteed type of policy.

    That’s where a broker can really come in because they can make sure they not only determine the amount of coverage you might need but which carrier is gonna be best for your particular situation. Some companies may offer coverage that’s available for critical illness or for an illness you may have whereas others may not, so that’s something you wanna determine – which company has the best particular solution for your needs and broker can really help out with that.”

    Meet some of our experienced insurance brokers who will be helping you

    Tamara Humphries
    Jack Bendahan
    The above insurance consultants are independent brokers and not employees of / LSM insurance.

    How does critical illness insurance work?

    If you have a Critical Illness Insurance policy, most insurance companies will pay out a lump sum to you after a critical illness has been diagnosed. Typical illnesses covered are cancer, heart attack, and stroke, but some policies may also cover other illnesses (in some cases, over 25 critical illnesses)

    This lump sum can be used to help with special prescriptions, treatment, care, living costs, and other expenses that you can face in this difficult situation. It is important to consider that a person diagnosed with a critical illness often will not be able to rely on a steady income. That’s why it is critical to have proper insurance in place.

    What critical illness insurance covers?

    Each Critical Illness Insurance policy in Canada has a clearly defined set of critical illnesses it covers. Three most common critical illnesses that you definitively want to have covered are:

    • Cancer
    • Heart attack
    • Stroke

    The full list of Critical Illnesses can include following ones:

    • Acquired brain injury
    • Aortic surgery
    • Aplastic anemia
    • Bacterial meningitis
    • Benign brain tumour
    • Blindness
    • Cancer
    • Coma
    • Coronary artery bypass surgery
    • Deafness
    • Dementia, including Alzheimer’s disease
    • Heart attack
    • Heart valve replacement or repair
    • Kidney failure
    • Loss of independent existence (LOIE)*
    • 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 parkinsonian disorders
    • Severe burns
    • Stroke

    There are also some illnesses more relevant for children that can be covered, depending on policy:

    • Cerebral palsy
    • Congenital heart disease
    • Cystic fibrosis
    • Muscular dystrophy
    • Type 1 diabetes mellitus

    Guaranteed Critical Illness insurance: When to get it?

    Often you can not qualify for a standard critical illness insurance due to your medical pre-conditions. Guaranteed critical illness insurance (also called no medical exam critical illness insurance) does not require a medical exam and, sometimes, does not even require completing a medical questionnaire. You can qualify for insurance with a medical history including:

    • Alcohol or Drug Abuse
    • Depression
    • Obesity
    • Insulin treated diabetes
    • Cancer
    • Heart Failure
    • HIV
    • Multiple Sclerosis
    • Alzheimer’s Disease
    • Other serious pre-conditions

    Our insurance advisors will assist you with finding the best critical illness insurance option across more than 20 insurance companies. We look forward to hearing from you – simply complete the form above.

    Full list of insurance companies that we work with

    Assumption life SSQ Financial Group Canada Life Industrial Alliance Equitable life IA Excellence The edge Foresters Desjardins Western Empire life BMO Iavari RBC Insurance La Capitale Canada Protection Plan Wawanesa Life Humania