Island Savings

Critical Illness Insurance

This insurance is for you if:

  • you own or co-own your business.
  • you want to protect your business from hardship
    if you, a partner or a key employee have a critical illness.
  • you’re a fan of having peace of mind.

Overview

Key Features & Benefits

Critical Illness insurance pays a significant lump sum, tax-free benefit to you if you are diagnosed with a condition covered in your policy and survive 30 days after diagnosis. You can use the benefits however you wish:

  • Go out of the country for medical treatment or pay for private nursing
  • Modify your home or move to a home more appropriate for your condition
  • Stay home longer before returning to work
  • Allow a family member to take a leave from work to help you recover
  • Pay off your mortgage and bills, or even retire early

Additional optional features

  • Return of Premium at Surrender will reimburse your premiums if you are not diagnosed with a critical illness after a certain period of time, usually 15 years or at a specified age
  • Return of Premium at Death will refund premiums paid to your estate or named beneficiary if you pass away without becoming eligible for the insurance benefit
  • Children’s Critical Illness riders can provide insurance for all of your children under a certain age with one small additional premium

 

*Your insurance contract will provide details of the coverage available under the plan you choose. Restrictions may apply.

Ready to get a quote? At Island Savings Insurance Services, we provide simple insurance solutions to suit your needs.

Online

Contact us online and let us know when you'd be available to meet with one of our expert advisors to discuss suitable coverage options.

In Person

If you’re more comfortable dropping by one of our branches, one of our expert advisors would be happy to chat with you.

By Phone

If you’d like to call us, here is a complete list of our expert advisors.

 

First West Insurance Services Ltd., offering financial planning, life insurance and investments, is a wholly owned subsidiary of First West Credit Union. Island Savings Insurance is a trade-mark of First West Credit Union, and is used under license.