Lifecheque Critical Illness Insurance

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What is Critical Illness Insurance?

Before we get into the specifics of Manulife Lifecheque Critical Illness Insurance, let’s first make sure you know what critical illness insurance actually is.
Critical Illness Insurance is a type of health insurance product in which the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the specific illnesses on a predetermined list as part of an insurance policy.
In a nutshell, critical care insurance is there to make sure that you can afford care, medical equipment, make your payments if you’re unable to work, and much more in the event of a sudden unexpected illness or injury.  

What is Manulife Lifecheque Critical Illness Insurance?

Lifecheque is the Manulife's best comprehensive critical illness insurance product under the health insurance category. With this plan the insurer will receive a tax-free, lump-sum benefit after satisfying the waiting period if the insurer diagnosed with one of the 24 critical illnesses that listed in the plan. The insurer may receive partial benefit up to $50,000 in the event of a non-life threatening illness and a monthly care benefit if long term care need.
Critical illness could be worrisome especially if the sufferer has dependents. In most cases, rather than focusing on recovery, the sufferer may be busy putting things in place to take care of his dependents. However, with the Manulife Lifecheque Critical Illness coverage, you may enjoy financial flexibility and focus on recovery.

What Are the Benefits?

Help protect your finances and focus on recovery with Lifecheque Comprehensive Critical Illness Insurance

In the event of critical illnesses, You and your family may enjoy the benefits of Manulife Lifecheque Plan by covering the treatment expenses so that you can focus more on other important things. Besides the benefits obtained from the plan, it can be used for several other purposes such as extra expense management, debts, and mortgage payments, and for business purposes.

This popular plan has several benefits outlined below:

  • After 20 years, the permanent coverage can be converted to a long-term coverage.
  • You may receive your payout faster, with some of your benefit available before the end of the waiting period.
  • It keep up with mortgage and debt payments.
  • It keep your business running and minimize disruption.
  • It provide additional income on top of your employee benefits plan.
  • It can help you to set your own priorities with a benefit that you can use to replace your income and to help you manage the extra cost.
  • It provide additional income on top of your employee benefits plan
  • The Health Service Navigator provides useful resources that can aid you to make informed health decisions.


Optional Add-ons

  • Get your premiums back if you surrender your policy early, your policy expires or you die without making a claim.
  • Help protect your children and provide them the opportunity to get their own critical illness insurance when they turn 21, without medical underwriting.
  • If you become totally disabled, it pay you the premium.



Additional resources:

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

Insurdinary provides a comprehensive quotes comparison sends straight to your inbox so you can start comparing health coverage in minutes. See plans from several major Canadian insurers to choose the right option for you. Our customer health specialists are also available to address your questions and concerns.

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