What do you want to happen if you, your business partner or a key employee can’t work because of an illness or injury? 


Corporate Critical Illness is a corporately owned policy on owners or key employees that can be used to protect a business should the insured need to take time off of work to recover.   A business can be put into severe financial strain and Keyperson plans provide benefits in the event that a key employee becomes unable to work.  

This coverage is instrumental in funding Buy-Sell Agreements.

Most business owners are aware of the need for having Life Insurance to protect them against the loss from the death of a partner but often neglect the equally important risk (and higher statistical risk) in the event of a Critical Illness.

Owners can combine this coverage with their shareholder’s agreement to design a Buy/Sell plan to provide the funds to help business owners purchase the shares or ownership interest of a critically ill shareholder or partner.  When a shareholder’s agreement is drafted, partners predetermine the course of actions to be taken in the event of a Critical Illness.  This coverage supplies the funds necessary to carry out this agreement.

Should a key employee or partner have the good fortune of remaining healthy until retirement, these plans can also be designed as Executive Health Savings Plans.  This structure provides for a great tax advantaged solution to compensate key employees or owners by paying out a lump sum tax free from the company at the targeted retirement year.  This structure requires a long time horizon of at least 10 years, generally 15 for maximum benefit but provides a great loyalty incentive while protecting the company’s interest from day 1.  Allow one of our advisors to demonstrate the power of this strategy for your business.   


Up to 50,000 Canadians suffer a stroke each year.

There are an estimated 75,000 heart attacks in Canada each year, 80% of victims admitted to the hospital survive the attack.

Every week, an estimated 3,075 Canadians will be diagnosed with cancer.

1 in 3 women and 2 in 5 men will develop some form of cancer over their lifetime

Covered Critical Illnesses: 

* Alzheimer’s Disease, Aortic Surgery, Aplastic Anemia, Bacterial Meningitis, Benign Brain Tumour, Blindness, Life Threatening Cancer, Coma, Coronary Artery Bypass Surgery, Deafness, Heart Attack, Heart Valve Replacement, Kidney Failure, Loss of Independent Existence, Loss of Limbs, Loss of Speech, Major Organ Failure on Waiting List, Major Organ Transplant, Motor Neuron Disease, Multiple Sclerosis, Occupational HIV, Paralysis, Parkinson’s Disease, Severe Burns, Stroke and Early Discovery Benefit.


*Important note: Please refer to the recommended insurance company’s contract for specific definitions for the covered conditions and the requirements you must satisfy to receive benefits.