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  /krit-i-kuhl, ˈilnəs, SHo͝orəns/

Provides financial protection to individuals in the event they are diagnosed with a severe and specified medical condition. Unlike traditional health insurance, which covers medical expenses, critical illness insurance pays out a lump sum benefit to the policyholder upon diagnosis of a qualifying condition, regardless of whether they have incurred medical bills.

How Critical Illness Affects Canadians 

Lee, S. (2023). Cancer statistics at a glance. Canadian Cancer Society.

2 in 5 Canadians (44% of men and 43% of women)

are expected to develop cancer during their lifetime.

Father with his Son

Benefits of Critical Illness Insurance 

  • The benefits you receive are not taxable

  • You do not need to justify how you spend the money—you can use it as you see fit

  • It helps you cover additional expenses caused by the illness (medications, adapted equipment, experimental treatments not covered by public health insurance, rehabilitation costs and other private medical expenses)

  • It helps you cover your financial commitments if you experience a decrease or loss of income

  • You can use the money to provide some financial flexibility as you recover so that you can work part time or extend your sick leave to take some time for yourself

You need Critical illness insurance if anyone relies on your income (hint: that includes you too).
Severe illness causes time away from work and out-of-pocket expensive not covered by provincial health insurance.

What We Bring To The Table....
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25 Illnesses

According to The Canadian 

Cancer Society, the top three leading illnesses are Cancer, Heart disease and Stroke (cerebrovascular accident).


We got you covered on all the major illness and then some!


Extensive Coverage Options

Coverage amount ranges from  25,000 to 3,000,000 dollars 

Thats at the minimum 25,000   lump-sum, to make sure protected in case of an illness. 

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Top 20 Providers

Having access to the top 20 providers ensures that TLFG can secure the best prices for its clients. This extensive network allows us to compare multiple options, and tailor your coverage to your individual needs, ensuring the best value in insurance coverage.

Frequently Asked Questions

Feeling puzzled? Our advisors have the pieces for you to see the big picture.
  • How much life insurance do I need?
    The amount of life insurance you need depends on your individual circumstances, including your financial obligations and goals. A common rule of thumb is to have coverage equal to 5-10 times your annual income, but a more accurate assessment considers your debts, expenses, and future financial needs.
  • How do I choose the right life insurance policy?
    Choosing the right policy involves evaluating your financial situation, goals, and budget. Term life insurance is often more affordable, while permanent life insurance provides lifelong coverage with an investment component.
  • What factors affect life insurance premiums?
    Several factors influence your life insurance premiums, including: Age: Younger individuals typically pay lower premiums. Health: Your overall health and medical history play a significant role. Coverage amount: Higher coverage amounts lead to higher premiums. Smoking status: Smokers often pay higher premiums. Lifestyle: Risky hobbies or occupations may increase premiums.
  • Can I buy life insurance for someone else?
    Yes, you can purchase life insurance for another person, but you typically need their consent and insurable interest. Insurable interest means that you would suffer a financial loss if the insured person were to pass away. This is common in cases like spouses, children, or business partners buying life insurance on each other.
  • Can I change my life insurance policy after purchasing it?
    Yes, you can often make changes to your life insurance policy, such as adjusting coverage amounts, adding riders (optional policy features), or even converting a term policy to a permanent one
  • Should I get life insurance if I'm single with no dependents?
    Even if you're single with no dependents, life insurance can still be beneficial. It can help cover funeral expenses, outstanding debts, or leave a legacy for loved ones or charities. Additionally, purchasing life insurance when you're young and healthy can result in lower premiums.
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