Critical illness insurance pays a lump sum benefit on the diagnosis of a named illness. Illnesses covered vary from plan to plan but most will include some form of the following: Heart Attach, Cancer, Multiple Sclerosis, Alzheimer’s, Parkinson’s, Blindness, Deafness, etc.
Payment is made to the survivor of a critical illness and the recipient.
Critical illness insurance from RBC Insurance provides a lump-sum benefit to help support you financially if you are diagnosed with and survive a covered critical illness. You can use this benefit payment to supplement your health insurance plan and any group disability coverage you may have.