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Critical illness insurance for business owners

Get coverage in case of a critical illness to make sure your business can keep running smoothly.

Why take out critical illness insurance for your business?

Protect yourself

If you (or another key employee) are diagnosed with a critical illness, you’ll have coverage in place so you can focus on your recovery.

Protect your business

The payout can be used to cover expenses, so you can ensure business continuity and stability.

Features

Coverage for various illnesses

26 critical illnesses, conditions and surgeries1

Coverage amount options

Ranging from $10,000 to $3,000,0002

Coverage length options

A fixed period of time or for life

Executive Health Plan

An Executive Health Plan allows you to co-own an insurance policy with your company.3 Speak with your financial security advisor to see if it’s the right solution for you.

Get tax benefits

If you remain healthy, you can get back up to 100% of the premiums paid without tax consequences, subject to certain conditions.4

Share premium payments

Your company pays the premiums for the critical illness and death benefits. You pay the premiums for the health benefit.

Types of benefits

Health benefit

You get back the premiums paid.4

Critical illness and death benefits

Your company receives a tax-free benefit.

Good to know

Being diagnosed with a critical illness by your doctor doesn’t mean you automatically qualify for a benefit payment. Check that your illness or condition meets the definition in the policy.

Sometimes only severe cases are covered. And there may be limitations and exclusions. For example, you may need to wait out a moratorium, survival or qualifying period.

Get the most from your insurance

Assistance services

If you're looking to get help with daily activities or support in difficult times, we're here for you.

Phone assistance

Call anytime for advice from a nurse on nutrition, vaccinations, the use of prescriptions drugs and other health matters.

Second medical opinion

Get a second opinion on a diagnosis from specialist physicians, who will review your medical record and history.

Autonomy assistance

Receive home care services to make day-to-day life easier for you and your caregivers in the event of a covered loss of independence (temporary or permanent).

Psychological assistance

In the event of a covered critical illness or loss of independence, talk to a psychological health specialist, in person or on the phone, for help in hard times.

Multi-coverage discount

Get a reduced premium when you buy 2 or more eligible insurance coverages at the same time for the same policy (critical illness, term life, permanent life, or personal health insurance).

Get a critical illness insurance quote for your business

Monday to Friday: 9 AM to 5 PM (Eastern Time)

1-866-838-7661 This link opens your phone app.

We can also call you when it’s convenient.

Explore our other business insurance options

Life insurance for business owners

Protect your business against the loss of a key person.

Learn more about business-owned life insurance

Group benefits

Support your employees’ physical and mental health with a group insurance plan that speaks to their needs.

Learn more about group benefits

Useful information

The information on this page is provided for informational purposes only. The terms and conditions of the coverages described are set out in the insurance policy, which always prevails. Certain conditions, exclusions and limitations may apply. There may be some limitations and exclusions, such as needing to wait out a moratorium, survival or qualifying period.Your financial security advisor can assess your needs to determine the right insurance amount for you.Consult your legal and tax advisors to prepare a shared ownership insurance agreement.If you receive the health benefit before the end of the coverage period, and the company still needs the coverage, the amount will be taxed.