A few frequently asked questions about Critical Illness
What is Critical Illness insurance?
Critical Illness Insurance provides a lump-‐sum benefit that helps alleviate some of the financial stress that may result from being diagnosed with a critical illness. With Critical Illness Insurance, if you are diagnosed with one of the 3 covered conditions and survive the 30-‐day Survival Period, you are eligible to make a claim. With extra financial protection during your recovery, you’re able to spend less time worrying about your finances and more time concentrating on getting well.
Why do I need Critical Illness insurance?
Have you ever thought how a serious health condition could impact you and your family? Dealing with a serious illness requires significant time off work, which most British Columbians can’t afford. Critical Illness Insurance from Pacific Blue Cross is a one-time, tax free payout so you can concentrate on making a full recovery, rather than how much money is in your bank account. It can help pay for:
- Mortgage or rent
- Child care
- Home modifications
- Monthly bills
- Offset your spouse’s income while they stay home to help you recover
The choice is yours. You can use the money for whatever you choose.
How much coverage can I get? Am I eligible for coverage?
You can apply for coverage in units of $25,000, up to a maximum of $1,000,000. To be eligible for coverage you must be between 18 and 65 years of age.
What happens when I apply for coverage?
Once you’ve submitted an application for coverage, you’ll have a bit of waiting time as your application is reviewed (a process called underwriting). Read our What Happens Next? guide to learn more about this process.
How do I make a claim?