How do I qualify for a critical illness benefit?
If you are diagnosed with an illness that is covered by your policy, and you meet the requirements of your contract, you will receive a one-time lump sum payment. This lump sum payment will be available to be used at your discretion.
Qualifications for a Policy Benefit
To qualify for a benefit under your policy, you are required to receive an objective diagnosis of your illness by an appropriate medical specialist – someone licensed to practice in Canada or the United States and who is trained in the specific area of medicine relevant to the critical illness for which a benefit is being claimed.
Choosing a critical illness plan
The type of critical illness insurance plan you select is contingent on a multitude of factors including: income, financial obligations, number of dependants, savings, and health-care expectations and needs. In order to meet the diverse needs of individual clients, different critical illness insurance plans are available.
Sun Life offers three plans: 10-year term policy (T10), lifetime policy (T100) and a to age 75 policy (T75) to help protect your financial well-being during times of need.