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Critical Illness Insurance

Designed with benefits to aid in recovery, help protect your client’s future from unexpected medical diagnosis with our Living Benefits plans.

Product details

No one expects to face a critical illness, but it can happen to anyone at any time, and potentially impact your client’s ability to:

  • Provide for their family
  • Meet essential financial obligations
  • Safeguard their assets and lifestyle
  • Keep their business running smoothly

Critical illness by the numbers

Nearly 1 in 2

Almost half of Canadians will develop cancer in their lifetime, with 1 in 4 dying from cancer.Footnote 1

3.5 million

The number of Canadian families living with the effects of heart disease and stroke.Footnote 2

62,000 strokes

The number of strokes occurring in Canada each year, with over 30,200 of these affecting women.footnote 2

Every 17 minutes

A woman in Canada suffers a stroke.footnote 3

Our Living Benefit plans

All our critical illness insurance plans offer comprehensive coverage and unique value-added services.

  • Coverage of 25 life-threatening medical conditions
  • Various return of premium options
  • Early Discovery Benefits that can be claimed up to four times with no extra premiumsFootnote 4

 

  • Living Benefit 10 and 20 plans

    • Coverage to age 75
    • Coverage renews every 10 or 20 years
    • Convertible to a Living Benefit 75 or 100 policy 
    • Optional Return of Premium on Death (ROPD) benefit

  • Living Benefit 75 and 100 plans

    • Coverage to age 75 or 100
    • Premiums guaranteed never to increase
    • Premiums for Living Benefit 100 plan can also be paid over 15 years
    • Optional Return of Premium on Death (ROPD) benefit
    • Optional Return of Premium on Surrender or Expiry (ROPS) benefits* 

Support videos

    Start protecting your clients today

    Share Mark and Sheila’s story with your clients to help them understand the importance of critical illness insurance.

    BMO Insurance Health Advocate™ Plan

    With critical illness policies from BMO Insurance, your clients and their families will have access to BMO Insurance’s innovative and comprehensive assistance services– at no additional cost. 

    BMO Insurance Health Advocate Plan – Advisor Guide (726E)

    Forms & materials

    • Critical Illness Product Overview 216E
    • Understanding Critical Illness Insurance 345E
    • Your Insurance Options 719E
    • A Critical Illness Can Affect Anyone 717E
    View all forms & materials

    Tools

    • Wave Illustration System

      Generate professional quotes with ease, to assist in reliable insurance planning.

      Learn more

    • SmartApp

      Say goodbye to paper with our easy-to-use digital platform that streamlines life and critical illness insurance applications. Enjoy a fast, secure way to manage client applications.

    • Critical Illness Insurance Calculator 

      Easily calculate the necessary critical illness insurance coverage to help your clients safeguard their income and manage unexpected expenses in case of a critical illness.

    View all tools

    Insights

      ClientArticle

      Early discovery benefits

      Learn what they are and how they can help protect your finances (and your health).

      AdvisorArticle

      End-to-end digital application processing

      Here’s how we digitally support you from end-to-end (application to delivery).

      Read more insights

      Contact us

      Have questions? Call or email us today for more information about how we can help you. 

      Get in touch

      Footnote 1 details Canadian Cancer Statistics, Canadian Cancer Society (2023)

      Footnote 2 details Heart and Stroke Foundation of Canada (2024)

      Footnote 3 details 2018 Stroke Report, Heart and Stroke Foundation of Canada (2018)

      Footnote details 4 A maximum of four Early Discovery Benefits may be payable per policy, provided each claim is for a different Early Discovery Covered Condition.

      Footnote details Return of Premium on Surrender will return the sum of the eligible premiums paid on the surrendered Critical Illness Benefit amount from the Policy Effective Date to the Option Election Date. Eligible premium includes the policy’s annual premium, modal loading, policy fee, medical extras plus any Return of Premium on Surrender/Return of Premium on Expiry or Return of Premium on Death rider premiums if elected. Refer to the policy contract for details.