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Please select "Change Covered Dependents" and update your dependent Critical Illness (CI) coverage level based on your current family situation as described below;
- single – $10,000 CI coverage for yourself only with no dependents or $10,000 CI coverage for yourself and $5,000 for your dependent child(ren)
- single +1 – $10,000 CI coverage for yourself and $5,000 for your spouse
- family – $10,000 CI coverage for yourself, $5,000 for your spouse and $5,000 for your dependent child(ren)
CI coverage provides a lump sum payment in the event that you or your eligible dependent(s) are diagnosed with one of the following covered conditions;
- Heart Attack
- Coronary Artery
Bypass Surgery
- Stroke
- Invasive Cancer
- Major Organ Failure
- Kidney Failure
- Paralysis
- Benign Brain Tumour
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- Coma
- Blindness
- Deafness
- Alzheimer's Disease
- Parkinson's Disease
- Multiple Sclerosis
- Aortic Surgery
- Severe Burns
- Loss of Speech
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Lifemark's CI coverage offers the following benefit conditions;
- no pre-existing condition clause (excluding prior diagnosis)
- no benefit waiting paid after diagnosis
- no survival period and cancer is not required to be life threatening
- multiple diagnosis are payable (if separated by 90 days)
- your benefit is fully portable at any age
- no termination age
The basic CI coverage is a mandatory benefit for which you are automatically enrolled. Please note that the cost of your CI coverage is paid for by Lifemark and is considered a taxable benefit by the Canada Revenue Agency. The premiums + applicable taxes for your CI coverage will be accounted for on your pay slip and T4 as a taxable benefit.
For more information regarding your CI coverage please refer to your FlexLife Benefits Guide and your Allstate Benefits brochure. .
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