Guaranteed Issue – Non-Medical Critical Illness Insurance

One Of Ottawa’s Most Trusted Financial Advisors For Over Thirty Years.


The Non-Medical Simplified Critical Illness plan provides coverage in case you are diagnosed with a specified critical illness. This coverage was designed to provide critical illness insurance to those who would have difficulty qualifying for a traditional critical illness policy. You can renew your policy without any additional medical information for additional 10-year periods. This plan is renewable to age 75. It can be purchased by those 20 to 55.

To qualify for coverage, you only need to answer ‘no’ to some simple health questions. There are no other medical requirements. Benefits are payable to you as a one-time, lump sum payment if you are diagnosed with one of the covered critical illnesses or have undergone a covered procedure.

Critical Illness policy premiums can be as flexible as you are. Your policy can be designed to cover you for a set number of years, or for life. You may choose the amount of coverage you want, plus you can even add a “return of premium” waiver which returns as much as 100% of premiums if you do not claim by a predetermined anniversary. As such, a Critical Illness policy can be affordable for every need.

The Critical Illness policy can be personally owned or owned through your corporation. Generally, a policy will pay the benefit following 30 days of the diagnosis of a covered illness. The cash benefit can be used totally at your discretion. Items such as mortgages, debt repayment, health care cost, and family travel are examples of what our clients tell us about. While policies can remain in force to age 100, benefits can be purchased to cover you for the period of time you feel your need will last.

Covered critical illnesses are:

  • Heart Attack
  • Cancer (Life-threatening)
  • Stroke
  • Paralysis
  • Kidney Failure
  • Major Organ Failure *

* and is on a transplant waiting list

Standard Benefits

Coverage amounts can range from $10,000 to $100,000.

Intensive Care Benefit

Regardless of your cause of death, if you do not qualify for a claim on your policy, your beneficiary receives a refund of all paid premiums (without interest). This benefit is included at no extra cost.

Indexing Option

This option will automatically increase your coverage by 5% each year, beginning with the second policy year, to a maximum of 150% of your initial coverage amount. You can cancel the Indexing option at any time with written instructions. Once cancelled, the Indexing feature cannot be restarted.

Disability Waiver

With this benefit, if you become completely and continuously disabled for more than 6 months, your premiums will be paid until you are no longer completely disabled. This benefit ends when you turn 65. This option is available for those 20 to 55.

Medical Requirements

You only need to answer 4 medical questions when you apply for this plan. You may still qualify for coverage even if you answer ‘yes’ to a medical question. The insurance company will review your application, so we suggest that you still submit your application even if you answer ‘yes’ to a medical question.

Claim Requirements

To receive your critical illness benefit, you must survive at least 14 days after you have been diagnosed with a critical illness. If you do not survive the minimum 14-day period, your beneficiary receives a refund of all base premiums based (without interest).