What is critical illness insurance?

Critical illness insurance is a living benefit that pays you a direct and tax-free lump sum benefit if, while insured, you are diagnosed with a covered condition and survive.

There are no restrictions on how you use the money. You decide how it will best help with your recovery. Spend it on:

  • Additional costs related to your diagnosis.
  • Treatment options your medical insurance doesn't cover.
  • Your family and planning for your future.


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You choose your coverage

Select the coverage you need. Choose between PARACHUTE Essential and PARACHUTE Complete, and then select the amount of coverage that's right for you.

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It pays when you need it most

Medical advances mean more and more people are surviving illnesses once thought fatal. However, this comes at a price: expensive treatments, costly lifestyle changes, and lost income. Critical illness insurance helps cover these costs.

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It's a living benefit

We pay your benefit directly to you if you are diagnosed with a covered condition while insured and survive. It's designed to help you financially and emotionally.

Critical illness insurance supports you and your family when you need it most.
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