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Life with Critical illness advance

​Life with Critical Illness is an affordable hybrid coverage combining both life and critical illness insurance. An amount is payable in the first event of either a critical illness or death.

In case of death, a tax-free amount will be paid to the beneficiary chosen by the client. In case of critical illness, a portion of the life insurance amount is paid as a tax-free lump sum, with no survival period required. The life insurance amount is then reduced by this payment.

Features

By adding the Critical Illness Advance coverage to life insurance coverage, you will benefit from two permanent coverages grouped together into one contract.

Main Features

  • Hybrid products are rarely offered. A policy that pays at the first occurrence (of illness or death), offers a cost saving on the premium.
  • An advance of the life insurance amount is paid in case of critical illness. The life insurance amount is reduced by the critical illness benefits.
  • Critical Illness Advance covers 26 critical illnesses and surgeries, as well as 15 less severe diagnostics and treatments, giving the right to an advance of the insurance amount.
  • A payment in case of loss of independent existence, whether it be temporary or permanent
  • Unlike standard critical illness insurance coverage, no survival period is required.
  • Based on their insurance coverage, complimentary assistance services are available at any time for your clients and their loved ones:
    • They can use them when times are good, or when times are bad.
    • 24/7 phone assistance service is also available.

* The assistance services are not a contractual obligation of Desjardins Insurance.

Covered critical illnesses and surgeries

The tax-free Critical Illness benefit is payable upon the diagnosis of one of the 26 critical illnesses or surgeries covered, without any survival period.

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 protection

  • In case of temporary loss of independent existence, 15% of the amount of insurance will be paid, but never more than $25,000.
  • If the loss of independent existence ends up being permanent, any payment that’s already been made 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 or 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 surgery, 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).

Basic life insurance coverage

Critical Illness Advance is available on the following life insurance coverage options:

The Critical Illness Advance premiums’ structure follows the life insurance premiums’ structure to which it is attached to.

Issue ages (age to the nearest birthday)

  • 18 to 65 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.

The Critical Illness insurance amount must never exceed the life insurance amount.

The Critical Illness insurance amount is guaranteed.

Covered illnesses and surgeries

  • 26 critical illnesses and surgeries
  • Advance paid for more than 15 less severe diagnostics and treatments
  • Long-Term Care: an amount is paid regardless of whether the loss of independent existence is temporary or permanent

The insurance amount is payable upon the diagnosis of a covered critical illness or surgery, without any survival period.

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 more

Premium

  • Level and guaranteed
  • Payable up to the age of the coverage to which it is added. For example, Critical Illness Option is payable up to 65 years if it is added to Whole life to 65.

Coverage Option

  • Individual

End of coverage

When the first of the following occurs:

  • Payment of a critical illness benefit
  • Death of the insured
  • Cancellation of either the life insurance or the Critical Illness Advance coverage

Cash surrender value

  • Critical Illness Advance: No
  • Critical Illness Advance 15 Pay: Yes, starting on the 5th year
  • Critical Illness Advance 20 Pay: Yes, starting on the 5th year
  • Critical Illness Advance to 65: Yes starting on the 5th year
  • Critical Illness Advance to 100: Yes starting on the 5th year

Sales Material

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

Testimonial Video Series | Life and health

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