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 lifetime, 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 percent of hospitalized heart attack patients survive.
Treating and coping with illness can often mean significant and unexpected costs. CUMIS Critical Assist® is designed to provide you with financial peace of mind so that you can focus on recovery and get started on rebuilding your lifestyle as soon as possible. It provides you with 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.
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 were 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 challenges 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
- Children's education
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 offers four Critical Assist® plans to suit your needs: 10-Year Renewals to Age 75, 25 Year with 20-Year Renewals to Age 75, Level to Age 75, and Level 20-Pay with Coverage to Age 75.
CUMIS Critical Assist® pays you a lump sum tax-free benefit if you are diagnosed with one of 25 full payout Covered Conditions, 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.
Critical Assist® – Head Start
With Critical Assist® – Head Start your child is covered for 32 full payout conditions (including 7 childhood-specific conditions), and 4 Early Assist partial payout conditions. Benefits can range from $25,000 to $250,000, you choose the amount.
Children are eligible for the plan at 30 days old until age 17 and the policy expires at the anniversary nearest age 75. So, not only are you covering them when they are young, but also providing protection for years to come.
Premium Payback at Death
If you pass away while the Critical Assist® policy is in force and no full payout claim has been paid, we will refund the premium payments you have made for this coverage to your beneficiary. This embedded feature is included with all CUMIS Critical Assist policies.
If you decide you would like longer term protection, we make it easy. Policyowners may convert a 10-year or 25-year term policy for Level to Age 75 or Level 20-Pay with Coverage to Age 75 without any additional underwriting requirements or proof of insurability.
Best Doctors® Program
Critical Assist® includes access to the Best Doctors® program. Best Doctors is an innovative, world-leading service that 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.
Upon diagnosis of a Covered Condition, the Policyowner will receive access to up to 3 hours of over the phone counselling to be used by themselves or their family members.
Optional Riders and Other Benefits
You may customize your plan by adding the following optional riders and other benefits:
- Premium Payback at Expiry Rider
- Premium Payback at Surrender Rider
- Disability Premium Waiver Benefits
- Automatic Waiver of Premium on Owner’s Death or Disability Benefit
Full Payout Covered Conditions
Coverage for the full payout conditions (except for Loss of Independent Existence2
) begins on the policy date3
and ends at expiry (age 75). Once you’ve received payment for a full payout condition, your Critical Assist® coverage ends.
||Loss of Independent Existence|
||Loss of Limbs|
||Loss of Speech|
|Benign Brain Tumour
||Major Organ Failure on Waiting List|
||Major Organ Transplant|
||Motor Neuron Disease|
|Coronary Artery Bypass Surgery
||Occupational HIV Infection|
|Dementia, including Alzheimer’s Disease
|Heart Valve Replacement
Additional Childhood Covered Conditions
In addition to the 25 covered conditions, Critical Assist® - Head Start also provides coverage for the following 7 childhood conditions until age 18.5
|Congenital Heart Disease
||Type 1 Diabetes Mellitus|
Early Assist Covered Conditions:
A partial benefit equal to 10% of the face amount, up to a maximum of $50,000, is payable if you are diagnosed with an Early Assist covered condition. The policy will continue to cover you after the partial payment is made. You are eligible for only one Early Assist payment. There is no reduction of the policy face amount if an Early Assist benefit is paid.
- Coronary Angioplasty
- Non-Life-Threatening Cancers:
- Ductal Carcinoma in Situ of the Breast (DCIS)
- Stage T1a or T1b (Stage A) Prostate Cancer
- Stage 1A Malignant Melanoma (melanoma less than or equal to 1.0 mm in thickness)
For more information on our products, or to obtain a quotation, contact CUMIS TeleLife:
Monday to Friday, 8 a.m. to 8 p.m. (Eastern Standard Time)
1Tax rules and regulations may change at any time.2 Coverage for Loss of Independent Existence begins at age 18.
3 There is no coverage for cancer or benign brain tumours during the first 90 days following issue or every reinstatement of the policy. There is no coverage for Parkinson’s Disease during the first year following issue or every reinstatement of the policy.
44Loss of Independent Existence is defined as a definite Diagnosis of the total inability to perform, by oneself, at least two of the six Activities of Dailty Living (bathing, dressing, toileting, bladder and bowel continence, transferring, or feeding) for a continuous period of at least 90 days with no reasonable chance of recovery.
5Coverage for Autism and Rett Syndrome ends one day prior to the Insured child’s third birthday.