Life Insurance
  • Critical Illness Insurance

What is Critical Illness Insurance?

Life is full of surprises and not all of them are good. If you were diagnosed with a critical illness, could your family carry on or would life come to a halt? Cover Direct Critical Illness Insurance is a way to help safeguard your family finances should you become seriously ill.


With it, if you were to suffer from one of the defined serious illnesses, you’ll receive a cash amount that could help keep family life on track while you recover. If you need to make a claim, our Critical Illness Insurance could help provide you and your family with financial support when it’s needed most.

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Critical Illness Insurance FAQs

Critical Illness Insurance with Cover Direct allows you to include an additional coverage amount of $50,000 in your Cover Direct Family Life Insurance policy. With this optional extra, you will be insured for heart attack, cancer, stroke and coronary artery bypass, as defined in the policy terms and conditions.

You can apply for Critical Illness Insurance during your Cover Direct Family Life Insurance application. Once it is in place you will have coverage for a number of illnesses. The cost of this optional extra will be added to your monthly premium. If you suffer one of the defined illnesses, you or your loved ones will be paid a tax-free lump sum amount to help with the costs of healthcare1. The cash amount you receive after the claim is accepted will be deducted from your total Cover Direct Family Life Insurance benefit amount.

The cost of your Critical Illness Insurance will be linked to the overall cost of your Cover Direct Family Life Insurance policy. Like the main policy, the cost of this optional extra will depend on things like your age at the time of application, your smoker status, your response to health, lifestyle and occupational questions, and whether you want a joint or single policy.

How does it work? 

It’s simple, you can include an additional coverage amount of $50,000 in your Cover Direct Family Life Insurance policy. You pay monthly premiums for the duration of your coverage and if you need to make a claim, our team of Canadian experts will handle it as quickly as possible. The cash amount you will receive after the claim is accepted will be deducted from your total benefit amount. Once you receive your pay out, you can start the road to recovery with one less thing to worry about.

How could Critical Illness Insurance help protect my family?

If disaster were to strike, having the right protection in place could make all the difference when it comes to getting life back on track. With Critical Illness Insurance, you can have peace of mind that you have some financial support in place for unexpected costs. So, you can focus on what’s important, recovering and spending time with your family.

Critical Illness Insurance could be used to help cover the loss of your income if you’re the sole breadwinner in your household. It could also help cover any regular bills you may have or more costly expenses such as medical care.  

Want to know more? Our team of Canadian based experts are on hand to answer any questions you might have about our Cover Direct Critical Illness Insurance.  
 

Want to talk?

At Cover Direct Insurance Agency we can get you a quote quickly and easily. You won’t have to wait around long; you can get coverage directly from us. Enter your details below to get the process started.

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What’s covered?

Critical Illness Insurance can give you peace of mind that if you were to fall ill unexpectedly, family life could stay on track. The following illnesses are covered:

  • Heart attack
  • Cancer
  • Stroke
  • Coronary Artery Bypass grafts


For a definition of each illness please see our policy terms and conditions1.

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Based on ratings on multiple reviews platforms compared to direct competitors since 2022. See coverdirect.ca/reviews for more details.

1

To be covered, your critical illness must meet one of the definitions contained in our T&Cs, must not be the result of an intentionally self-inflicted injury, and must occur after three months from the start date of your coverage.