New No Medical Critical Illness Products

We are excited to announce that we have recently gained access to a new No Medical Critical Illness product through one of our carriers, Canada Protection Plan! There are four different plans for clients to choose from to allow clients to select which type of coverage best suits their needs. As with all Canada Protection Plan products, there is no medical exam required, payments in the first month are free, and those with pre-existing conditions and cancer survivors may be covered under one of these products!

For the products below, we will be analyzing the monthly premiums for a 30-year-old female who is a non-smoker.

                                                            Cardiac Protect Critical Illness
This product covers five different conditions (heart attack, stroke, aortic surgery, coronary artery bypass surgery, and heart valve replacement/repair). It is available on a Term 75 for those ages 18-65. The minimum amount that can be taken is $10,000.00, and the maximum amount is $50,000.00. The monthly premium for this client would be $15.71/month.

                                                           Cancer Protect Critical Illness
This product covers three different conditions (life-threatening cancer, aplastic anemia, and benign brain tumour). It is available on a Term 75 for those ages 18-65. The minimum amount that can be taken is $10,000.00, and the maximum amount is $50,000.00. The monthly premium for this client would be $26.28/month.

                                               Cardiac AND Cancer Protect Critical Illness
This product covers eight different conditions (heart attack, stroke, aortic surgery, coronary artery bypass surgery, heart valve replacement/repair, life-threatening cancer, aplastic anemia, and benign brain tumour on a Term 75 for those ages 18-65. The minimum amount is $10,000.00 per event, and the maximum is $50,000.00 per event. This means that if you were to have two of the eight conditions noted above, your policy would pay out twice! The monthly premium for this client would be $36.59/month.

                                              Cardiac OR Cancer Protect Critical Illness
This product covers eight different conditions (heart attack, stroke, aortic surgery, coronary artery bypass surgery, heart valve replacement/repair, life-threatening cancer, aplastic anemia, and benign brain tumour on either a Term 20 for those ages 18-55 or Term 75 for those ages 18-65. The minimum amount for a Term 20 is $25,000.00, and the maximum event is $100,000.00. For Term 74, the minimum amount is $10,000.00, and the maximum amount is $100,000.00. This policy will terminate after the first claim is made. The monthly premium for this client would be $27.95/month for $50,000.00.

Need another reason to request a quote from Canada Protection Plan’s No Medical products? Clients who have a policy with CPP can access Foresters member benefits, which include things such as orphan benefits, emergency assistance program, academic scholarships for children, financial counselling, and discounted legal services. With all these benefits, you will have to do a lot of critical thinking when deciding on the best product, so let us help in this process by requesting a quote from the link below!

To request a quote on the products we offer, click here.
Or call: 1-877-242-8820 and press 3 to speak with an insurance coordinator.