Confused About Critical Illness vs. Disability Insurance?
Many of our members ask us what the difference is between Disability Insurance and Critical Illness Protection. Here is a simple way to think about it.  

Disability insurance is a form of income protection paid out monthly, should a person become disabled and is unable to work. Essentially, it helps to cover monthly expenses in the same way a pay cheque would.   

In contrast, with the NEW electronic- Asset Protection Plus (e-APP) or Teachers Life Critical Illness Insurance protection there is no requirement that you must be unable to work before receiving the benefit. If you are diagnosed with one of the covered medical impairments, you could receive a cash benefit. A lump-sum, tax free benefit, paid to you, that can be used however you choose.  

NEW electronic -Asset Protection Plus - Get a Quote Now!

e-APP combines the protection of  25 year term life coverage with a the living benefit of critical illness insurance. With rates guaranteed not to increase for the life of the policy simply click here for a quote and follow the prompts to apply. Covered conditions are heart attack, stroke and cancer.

For more information regarding e-APP click here.  

Teachers Life Critical Illness Insurance

Eligibility
Actively employed or retired members of the education community, their spouses and adult children who are Ontario residents and between the ages of 21 and 65 are eligible to apply for coverage.  

Covered Conditions

1. War, whether war be declared or not, hostilities or any act of war or civil war when the Insured is taking an active part therein.
2. The commission of or attempt to commit a criminal offence, whether or not the insured is actually charged with a criminal offence.
3. Radioactive, toxic, explosive, or other hazardous properties of nuclear materials or by-products and death or disablement resulting from weapons of mass destruction such as nuclear, chemical or biological weapons.
4. Self-inflicted injury whether the insured is sane or insane
5. Use of illegal or illicit drugs or substances, or misuse of medication obtained with or without prescription
6. The driving a vehicle under the influence of narcotics or with a concentration of alcohol in the insured blood that is in excess of the legal limit
7. The misuse of alcohol

1. No critical illness benefit is payable if the first diagnosis of cancer or any symptom or medical problem which initiated by any investigation leading to a first diagnosis of cancer is made within ninety (90) days following the date of issue of the policy or if later, the latest date of the reinstatement of the policy.   When Cancer is diagnosed within ninety (90) day period, the Society will terminate the policy and refund the annual base premium to the owner
2. No Critical Illness benefit is payable if the insured does not survive the Survival Period of thirty (30) days.
3. If a Critical Illness occurs or is diagnosed outside of Canada, the benefit will be payable only if all of the following conditions are satisfied:
   1. Complete medical records are made available to the Society
   2. Based on these medical records, the Society is satisfied that the same diagnosis would have been made if the illness or accident had occurred in Canada
   3. Immediate treatment would have been indicated under Canadian Standards and
   4. The same treatment, involving the particular surgical procedure, would have been advised if treatment has taken place in Canada
   5. The insured must undergo an independent medical examination by a medical doctor appointed by the Society if the Society makes such a request.   In the case of elective surgery, such an examination must be undergone before surgery occurs
4. In the event of a death claim resulting from a cause other than a covered Critical Illness or not surviving the survival period, which this policy is in effect, the Society will return an amount equal to the total premiums paid without interest since the coverage was issued to the stated beneficiary. If the face amount of the policy is reduced after issue at the request of the policyholder, the total amount of the premiums to be returned on death will be based on the premiums paid (without interest) in respect of the face amount in force at the time of death.