Skip to main content

Health priorities - Business, term to 75

Health Priorities – Business, Term to 75 provides your client and their business with guaranteed, lifetime protection against the devastating financial impacts of the 26 critical illnesses and conditions covered, including cancer, a heart attack or stroke.

This protection lets your client face illness knowing they will have qualified people to step in during their recovery, their assets will be protected and creditors will be reassured.

This comprehensive EHP toolkit supports your business development efforts in this market. With this toolkit in hand you will be able to address most of the legal and tax questions your clients and their advisors might have.

Features

Main features

  • 26 critical illnesses and conditions are covered. An advance is paid for more than 15 treatments of some less severe conditions
  • Only coverage in Canada that covers all types of cancers along with exclusive cardiovascular procedures
  • No survival period to satisfy except for cardiovascular conditions and procedures (30 days)
  • Long-Term care (LTC) coverage pays an amount whether the loss of independent existence is temporary or permanent
  • Death Benefit is a minimum of 25% of the amount of insurance
  • Complimentary assistance services, provided by Assistel.
  • Second medical opinion.

Critical illnesses and conditions

Health Priorities – Business, Term to 75 pays a tax-free lump sum benefit if the client is diagnosed with one of the following covered critical illnesses or undergo one of the surgeries listed.

Cancers and Tumours:

  • 1. Benign Brain Tumour
  • 2. Cancer (Life-Threatening)

Cardiovascular:

  • 3. Aortic Surgery
  • 4. Coronary Artery Bypass Surgery
  • 5. Heart Attack
  • 6. Heart Valve Replacement or Repair
  • 7. Stroke (Cerebrovascular accident)

Neurological:

  • 8. Bacterial Meningitis
  • 9. Dementia, including Alzheimer’s disease
  • 10. Motor Neuron Disease
  • 11. Multiple Sclerosis
  • 12. Parkinson's Disease and Specified Atypical Parkinsonian Disorders

Vital Organs:

  • 13. Kidney Failure
  • 14. Major Organ Failure on Waiting List
  • 15. Major Organ Transplant

Accident and functionnal loss :

  • 16. Acquired Brain Injury
  • 17. Blindness
  • 18. Coma
  • 19. Deafness
  • 20. Loss of Limbs
  • 21. Loss of Speech
  • 22. Paralysis
  • 23. Severe Burns

Other:

  • 24. Aplastic anemia
  • 25. Occupational HIV Infection
  • + Long-Term Care

Long-Term Care coverage

  • In case of loss of independent existence where the insured has reasonable chances of recovery, 15% of the amount of insurance will be paid, up to a maximum of $25,000.
  • If the loss of independent existence ends up being permanent, any advance paid will be deducted from the amount of insurance payable.

Advance for less severe diagnosis and treatment

Minor cancers and cancer-related surgeries

Early-stage cancers: (Only one advance for the duration of the coverage)
  • Carcinoma in situ
  • Chronic lymphocytic leukemia – stage 0
  • Cutaneous lymphoma without distant metastasis
  • Dermatofibrosarcoma
  • Ductal carcinoma in situ of the breast or lobular carcinoma in situ of the breast
  • Malignant gastrointestinal stromal tumours
  • Malignant carcinoid tumours
  • Malignant melanoma – stage 1
  • Papillary thyroid cancer or follicular thyroid cancer – stage 1
  • Prostate cancer – stage T1a or T1b

The early-stage cancers listed above pay 15% of the amount of insurance (maximum of $50,000). If an advance of 1% has already been paid for a cancer not mentioned above (see the Other cancers section), it will be deducted from the 15% advance. Moreover, no amount will be paid if an advance for an ablation surgery has already been paid.

Ablation surgeries: (Only one advance for the duration of the coverage)
  • Total mastectomy
  • Total prostatectomy

The two ablation surgeries above pay 30% of the amount of insurance (maximum of $100,000). If an advance has already been paid for an early-stage cancer or another cancer (see the Other cancers section), it will be deducted from this advance.

Other cancers: (Only one advance for the duration of the coverage)

All other cancers not listed above pay 1% of the amount of insurance (maximum of $5,000). If an advance has already been paid for an early-stage cancer or an ablation surgerie, this 1% advance won’t be payable.

Note for cancers:

If the client receives an advance payment for the early-stage cancers, ablation surgeries and other cancers, he remains covered for all the other illnesses covered by his contract, including life-threatening cancer.

Minor cardiovascular conditions and procedures (Only one advance for the duration of the coverage)

  • Aortic aneurysm
  • Coronary angioplasty
  • Endovascular treatment of aortic aneurysm or disease
  • Insertion of cardiac pacemaker or cardiac defibrillator

The minor cardiovascular conditions and procedures listed above pay 15% of the amount of insurance (maximum of $50,000).

Product description

Issue age (age at nearest birthday)

  • If the client chooses - Health Benefit 100% after 15 years: 18 to 60 years old
  • If the client chooses - Health Benefit 100% after 20 years: 18 to 55 years old

Amount of insurance

  • Minimum: $10,000
  • Maximum: $4,000,000*

* For insurance amounts over $3,000,000, request a personalized illustration : see the Procédure | Faire une demande de cotation spéciale.

* For insurance amounts over $3,000,000, request a personalized illustration by writing to special.quotes@dsf.ca.

Rate bands

  • $10,000 - $24,999
  • $25,000 - $49,999
  • $50,000 - $99 999
  • $100,000 - $249,999
  • $250,000 - $499,999
  • $500,000 and over

Premiums

  • Level to age 75 years.

End of coverage

When the first of the following occurs:

  • the total amount of insurance is paid
  • the insured reaches age 75
  • the death of the insured
  • the premiums are refunded

Annual policy fee

  • Basic coverage: $40
  • Additional coverage: $40

Coverage option

  • Individual

Health Benefit

2 choices of Health Benefit:

  • 50% after 10 years, 100% after 15 years
  • 35% after 10 years, 100% after 20 years
Anniversary Health Benefit 50% after 10 years, 100% after 15 years Health Benefit 35% after 10 years, 100% after 20 years
1 to 3 0% 0%
4 10% 5%
5 20% 10%
6 30% 15%
7 35% 20%
8 40% 25%
9 45% 30%
10 50% 35%
11 60% 40%
12 70% 45%
13 80% 50%
14 90% 55%
15 100% 60%
16 100% 68%
17 100% 76%
18 100% 84%
19 100% 92%
20 100% 100%
20 and + 100% 100%

Death benefit

The higher of the following would be paid:

  • 100% of all premiums paid OR
  • 25% of the insured amount.

Premiums paid include:

  • Premiums and substandard premiums for the critical illness coverage
  • Premiums and substandard premiums paid for the “specific additional coverages” related to the critical illness coverage
  • Charges associated with payment frequencies other than annual
  • Policy fees related to critical illness coverage

Premiums paid don’t include:

  • Premiums paid for other coverages under the same contract (e.g., other CI coverages, life)
  • Premiums paid for non-specific additional coverages (e.g., fracture, dismemberment)

Who receives the health benefit, death benefit or critical illness benefit?

  • Health benefit = business owner or the key employee
  • Death benefit = company
  • Critical illness benefit = company

Rate reduction program

Sales Material

To order, complete and submit the marketing supply requisition form.

Executive Health Plan (EHP) Toolkit

This comprehensive EHP toolkit (login required) supports your business development efforts in this market. With this toolkit in hand you will be able to address most of the legal and tax questions your clients and their advisors might have.

Testimonial Video Series | Life and health

Sarah


Edwin


Dave
  • Real life stories of individuals who realized that financial empowerment comes from planning and protecting the link between physical and financial well-being.
  • For clients and prospects
  • English only