Critical illness insurance pays you one lump sum when you’re diagnosed with a covered condition, whether or not you keep working. Disability insurance pays a monthly income, after a waiting period, while illness or injury stops you working. They pay for different things, so many people have both.
How does critical illness insurance differ from disability insurance in Canada?
Reviewed by Garrett Agencies Ltd., October 2026. How we write
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More about critical illness insurance
A lump sum if you’re diagnosed with a serious illness such as cancer, a heart attack or a stroke.
More questions about critical illness insurance
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