LifeCare T10

LifeCare T10 logo

Product Overview

Proper care and medical attention in the event of critical illnesses is a sure-fire way to manage the condition and ensure recovery. However, these processes require a lot of financial involvements which may not be easily available to an individual. Insurance plans such as LifeCare T10 are designed to help you cater for life-threatening conditions such as stroke, cancer, and heart attack. The LifeCare T10 insurance plan offered by Canada Protection Plan is provided through Forester Life Insurance Company. The insurance plan may involve a few medical exams but it guarantees that the initial premium payments will be as low as possible but the benefits are rewarding.

Features and Benefits

As the name implies, LifeCare T10 is available for a ten-year term. The first ten-year term guarantees that the premiums will be as low as possible. 21 life-threatening conditions are included in the plan. You can make a claim if you are diagnosed with one of the 21 conditions.

  • The policy includes 21 life threatening conditions such as life-threatening cancer, heart attack, stroke, coronary artery bypass surgery, kidney failure, major organ transplant, aortic surgery, heart valve replacement, blindness, deafness, paralysis and many others.
  • The insured must survive the diagnosed critical illness condition for at least 30 days before he can eligibly receive the associated plan benefits.
  • The insurance plan is available for Canadians between age 18 and 65. You can buy coverage from $25,000 to $2,000,000.
  • Premiums can be paid by check annually or semi-annually. You can also pay monthly by bank debits.
  • The plan also includes a 10-day free look guarantee. This serves as a satisfaction guarantee.
  • Several other no-cost benefits are also included in this plan. Such benefits are competitive scholarships for higher learning tuitions about $8,000, emergency grants for temporary financial assistance to members who are victims of disasters or hardship and so on.
  • Additional benefits included in this plan are return of premium (ROP) rider which allows you to discontinue premium payment at any point after your 10th policy anniversary; on activating this benefit, you can receive a percentage of your paid premiums and close your coverage. It also includes disability waiver for people continuously disabled for more than 6 months.
  • Another additional benefit included in the plan is juvenile LifeCare rider which includes 13 critical illnesses covering children under age 21. An eligible child suffering from one of the included ailments will be qualified for a tax-free lump sum.



Additional resources

Learn more about your other insurance options from these informative articles.

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