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Individual Life Insurance
Do you realize that prior to age 75, your risk of contracting a life-altering illness exceeds your risk of dying? Even so, contracting a life-altering illness is not something any of us like to think about. However, the reality is that it can happen to any one of us, and if it does, thanks to improvements in healthy living and medical science there is a good chance you will recover and get on with your life.
 
According to the Canadian Cancer Society, approximately 45 per cent of Canadian women and 49 per cent of Canadian men will develop cancer during their lifetimes, and an estimated 60 per cent of Canadians diagnosed with common cancer will survive at least five years. In addition, according to Health Canada and The Canadian Institute for Health Information, one in four Canadians will develop heart disease in their lifetime and approximately 89 per cent of hospitalized heart attack patients survive.
 
Your road to recovery costs money. Treating and coping with illness can mean significant and often unexpected costs. CUMIS Critical Assist Insurance is designed to provide you with financial peace of mind so that you can deal with the unexpected costs of a critical illness, and get started on rebuilding your lifestyle as soon as possible. It provides a lump-sum cash benefit while you are living, if you happen to be diagnosed with one of the Covered Conditions or Early Assist Conditions defined in your contract.
 
CUMIS offers three Critical Assist plans to suit your needs, 10-Year Renewals to Age 75, 25 Year with 20-Year Renewals to Age 75 and Level to Age 75.
 

What Would You Do if Your Child Were Diagnosed with a Critical Illness?

One of our biggest concerns as a parent is our child’s health and well-being. If your child was ever diagnosed with a serious illness, you’d want to be with them and do everything you could to comfort and care for them. Critical Assist – Head Start from CUMIS Life helps provide financial peace of mind to parents of a child diagnosed with a Covered Condition, so they can focus on what matters most: being with their child and helping them get better while maintaining their family’s needs.
 

Facing the Financial Challenges of a Critical Illness

Is your family financially equipped for the potential cost of recovering from a critical illness? Consider the potential challenge of maintaining a lifestyle that you may no longer be able to afford:
  • Reduction or permanent loss of your income
  • Lost income of family members caring for you or your child
  • Private nursing and medical equipment
  • Insurance co-payments and deductibles
  • Convalescence or physiotherapy
  • Refitting your home and your car
  • Relocating to a more suitable locale or climate
  • Mortgage payments or a car loan
  • Childcare
  • Children's education
  • Retirement

Critical Illness Insurance may help by providing you with the financial support to:

  • Travel to get treatments that aren't available locally
  • Get treatments that aren't funded by your provincial health plan
  • Purchase alternative medicines and therapies
CUMIS Critical Assist pays you a lump-sum tax-free benefit if you are diagnosed with one of 25 covered illnesses, or one of 4 early assist partial payout conditions. This payment of $25,000 to $2,000,000 allows you to focus on what's important – your recovery and rebuilding your lifestyle. It gives you the freedom to seek the best medical care, pay outstanding debts, replace lost income or pay for caregivers or childcare – whatever you need. With Critical Assist – Head Start your child is covered for 32 full payout conditions including 7 specific childhood conditions, and 4 early assist partial payout conditions. Benefits can range from $25,000 to $250,000, you choose the amount.
 

Covered Conditions:

 
Aortic Surgery Kidney Failure
Aplastic Anemia Loss of Independent Existence
Bacterial Meningitis Loss of Limbs
Benign Brain Tumour Loss of Speech
Blindness Major Organ Failure on Waiting List
Cancer (Life-Threatening) Major Organ Transplant
Coma Motor Neuron Disease
Coronary Artery Bypass Surgery Multiple Sclerosis
Deafness Occupational HIV Infection
Dementia, including Alzheimer’s Disease      Paralysis
Heart Attack Parkinson’s Disease
Heart Valve Replacement Severe Burns
Stroke
 
 

Childhood Conditions:

 
Autism Congenital Heart Disease
Type 1 Diabetes Mellitus       Rett Syndrome
Cerebral Palsy Cystic Fibrosis
Muscular Dystrophy
 

Early Assist Covered Conditions:

 
Coronary Angioplasty
DCIS (Ductal Carcinoma in Situ of the Breast)
Stage 1A Malignant Melanoma
Stage A Prostate Cancer
Shallow Malignant Melanoma
 

Premium Payback at Death:

 
All CUMIS Critical Assist policies include this embedded feature. If you pass away while the Critical Assist policy is inforce and no benefit has been paid, we will pay your beneficiary the premium payments you have made for this coverage.

 

Exchange Privilege:

 
If you decide you would like longer term protection, we make it easy. Within the first three policy years, if you decided you would prefer a Level to 75 policy, you are able to exchange your 10- or 25-year term Critical Assist policies without any additional underwriting requirements or proof of insurability.
 

Information about Care Options and Ways to Access it:

 
The reason we developed our critical illness product was to help you deal with the consequences of a serious illness. We do this first by assisting you financially through a lump-sum claim benefit. The second way is by providing access to an innovative, world-leading service called Best Doctors®. This program provides rapid access to the best medical knowledge and peace of mind to thousands of people around the world faced with serious illness. It is important to us to ensure you get the right diagnosis and treatment from an expert in your condition.
 

You may customize your CUMIS Critical Assist plan by adding the following Optional Riders:

  • Premium Payback at Expiry Rider
  • Premium Payback at Surrender Rider
  • Disability Premium Waiver Benefits

To obtain a quotation on a CUMIS product, please contact:

 
CUMIS TeleLife at 1-800-263-9120 or email us at TeleLife@cumis.com Monday to Friday, 8 a.m. to 8 p.m. (Eastern Time).