Living Benefits
Critical Illness
- Health Priorities offers coverage for 26 illnesses and health conditionsð¡, plus an advance for 15 other less severe diagnoses and treatments.10 If your clientsâ diagnosis corresponds to the policy definition, they will be entitled to a benefit payment of up to 100% of their insurance amount.
- Health priorities â Child, 20 Pay option offers coverage for 29â¯critical illnesses, including 3â¯childhood illnessesð¡. It also gives the option of adding 3 additional childhood diseasesð¡to the coverage.
- Health Priorities provides coverage for all types of cancer. Depending on what stage the cancer has progressed to, your client will receive either a partial or total benefit payment.
- The policy doesnât just cover a permanent loss of independent existenceâ your clients may also be entitled to a partial benefit in the event of a temporary loss of independence existence.11
- Your clients can add the Return of premium on death option to their policies. In the event of death, this option will pay the higher of the following amounts to the beneficiary: the total premiums paid or 25% of the insurance amount.
- The Executive Health Plan is designed to protect the financial health of a business in the event a key employee is diagnosed with a critical illness.
Disability Insurance
- SOLO Loan Insurance covers your clientsâ personal and business loans, and provides a monthly benefit of up to $10,000, depending on their occupation class.
- SOLO Disability Income provides an amount that could replace your clients' income in the event of total disability due to accident or illness. This coverage provides peace of mind and ease financial concerns during the disability period.
- SOLO Essential Disability Income guarantees acceptance for accident coverage if your clients meet the criteria of the three eligibility questions.
Health Insurance
- Allows your clients to complement the coverage offered by provincial health insurance plans by having access to many services not covered by public plans, such as services provided by health professionals other than doctors, medication costs, dental or vision care.
10 The benefit amounts vary between 1% and 30% of the insurance amount.
11 Loss of independent existence is defined as the inability to perform, with no assistance, at least two of the six activities of daily living (bathing, dressing, toileting, bladder and bowel continence, transferring and feeding), for at least 90 days. The policy provides payment based on the severity of the situation: ⢠In the case of permanent loss of independence existence, with no reasonable chance of recovery, the full benefit amount is paid. ⢠In the case of temporary loss of independence, an advance of 15%, up to a maximum of $25,000, may be paid.