Over half of Canadians (55%) have only 3 months or less in emergency savings to cover their expenses (*Source: Angus Reid, December 2021). Critical Illness insurance can provide financial support to cover you and your loved ones from a loss of income caused by a covered illness and/or unexpected healthcare & change-of-lifestyle expenses required to support recovery.

A starting point between 3 to 6 months of your post-tax income is recommended. From there, you might want to adjust the coverage amount based on your financial situation (e.g. existing debts, income, monthly expenses, number of dependents, etc.). Speak to an advisor at +1 (866) 714-9007, Monday-Friday between 7:30 AM - 7 PM CST, to get a personalized recommendation.

CAA Critical Illness Insurance, provided by Securian Canada, covers a comprehensive list of conditions including:

• Aplastic Anemia.
• Multiple Sclerosis.
• Occupational HIV Infection.
• Endovascular Aortic Surgery.
• Coronary Angioplasty.
• Aortic Aneurysm (of specified severity).
• Implantation of a Permanent Cardiac Pacemaker.
• Implantation of a Permanent Implantable Cardioverter-Defibrillator (ICD).
• Cancer of Specified Severity.
• Early-Stage Breast Cancer - Carcinoma In-Situ (CIS) of the Breast Treated with Total Mastectomy.
• Early-Stage Prostate Cancer - Prostate Cancer Treated with Radical Prostatectomy.
• Early-Stage Blood Cancer - Chronic Lymphocytic Leukemia - Stage 0.
• Early-Stage Breast Cancer - Carcinoma in-situ (non-invasive cancer).
• Early-Stage Intestinal Cancer – Gastrointestinal Stromal Tumours (GIST).
• Early-Stage Prostate Cancer – Prostate Cancer (Stage T1a or T1b).
• Early-Stage Skin Cancer – Dermatofibrosarcoma.
• Early-Stage Skin Cancer - Primary Cutaneous Lymphoma.
• Early-Stage Skin Cancer – Malignant Melanoma.
• Early-Stage Thyroid Cancer – Papillary Thyroid Cancer or Follicular Thyroid Cancer.
• Other Forms of Cancer - Carcinoma in-Situ (non-invasive cancer).
• Benign Brain Tumour.
• Other Forms of Cancer – Neuroendocrine Tumours (including carcinoid tumours).
• Cardiomyopathy.
• Coronary Artery Bypass Surgery.
• Heart Attack.
• Heart Valve Replacement or Repair.
• Motor Neuron Disease (including ALS).
• Acquired Brain Injury.
• Bacterial Meningitis.
• Coma.
• Dementia, including Alzheimer's Disease.
• Paralysis.
• Parkinson's Disease and Specified Atypical Parkinsonian Disorders "Stroke (cerebrovascular accident resulting in persistent neurological deficits)”.
• Blindness.
• Deafness.
• Loss of Limbs.
• Severe Burns.
• Loss of Independence Existence.
• Loss of Speech.
• Kidney Failure.
• Major Organ Failure (on Waiting List).
• Major Organ Transplant.
• Aortic Surgery.

Covered conditions are broken into two categories:  

• Fully covered condition: If you are diagnosed with any fully covered condition, you will be eligible to receive a lump-sum payment equal to the total amount (100%) of your coverage amount.
• Partially covered condition: If you are diagnosed with any partially covered condition, you will be eligible to receive a lump-sum payment equal to a set portion (e.g., 15%, 30%) of your coverage amount.

A detailed list of the Critical Illness conditions that the policy can cover if you fall ill will be provided.

The waiting period (or commonly referred to as “survival period”) is the amount of time that you’d need to wait after a diagnosis before you can submit a claim. For CAA Critical Illness Insurance, there’s no waiting period for more than of the covered conditions.

For policies purchased after December 31, 2023, you can contact service@caa.securiancanada.ca or call 1-866-714-9007 (Monday to Friday 8:30AM to 8PM EST) to speak to an advisor and start your claim.

For policies purchased prior to January 1, 2024, you can contact am_caa@manulife.com or call 1-877-261-8222 to start your claim.