CancerGuard
Cancer Insurance
A tax-free lump sum paid on cancer diagnosis — no survival period, no medical exam, instant approval. Use it however you need to get through what comes next.
Core coverage — Cancer insurance lump sum
A tax-free lump sum paid upon confirmed cancer diagnosis by a specialist. No restrictions on how you use it. No survival period required — paid on diagnosis.
| Coverage tier | Max benefit | Questions required | Premium level |
|---|---|---|---|
| Standard rate | Up to $50,000 | 3 questions (cancer + 1) | Lowest |
| Preferred rate | Up to $100,000 | 5 questions | Mid |
| Preferred PLUS rate | Up to $150,000 | 6 questions | Highest |
How you can use the lump sum — no restrictions
The benefit is paid directly to you, tax-free. Use it however you need.
Pay off your mortgage, car loan, or credit cards while you can't work
Cover medications, specialist visits, and treatments not covered by your provincial plan
Travel costs to treatment centres — especially important outside major cities
Support your spouse or a sick child — lost wages, childcare, accommodation near hospitals
Take time off work to focus entirely on recovery without financial stress
Pay for private care, home nursing, or second opinions not available in your area
Optional coverages & riders
Customize your CancerGuard with additional protection.
Prevention benefit
Pays 50% of insured amount (up to $25,000) for non-life-threatening cancers: carcinoma in situ (breast), Stage 1A melanoma, Stage A prostate cancer.
One benefit per contract lifetimeCritical illness rider
Adds 5 more conditions: stroke, coronary bypass, heart attack, paralysis, coma. Juvenile diseases covered if diagnosed before age 25.
Same tiers as cancer — up to $150,000Return of premiums
50% of premiums returned at age 75 if no cancer benefit received. 100% returned on death while policy is in force. Must be under 55 at purchase.
Cannot be reinstated if policy lapsesAccidental fracture & AD&D riders
Same fracture and AD&D riders as ACCI 7 PLUS — up to $10,000 lump sum for fractures, up to $350,000 for accidental death or dismemberment.
Benefits reduced 50% from age 70Key exclusions
CancerGuard does not cover the following. Please review the full contract for complete details.
Key contract terms
What you need to know
Instant approval — no exam
No blood tests, no medical exam. Clients interested in cancer insurance only are not required to answer critical illness questions. Approval at the point of sale.
Tax-free, no restrictions
The lump sum is paid directly to you, tax-free. Use it for mortgage payments, travel, treatments, lost income, or anything else — no receipts required.
Covers the whole family
Available from birth to age 65. Juvenile diseases covered under the CI rider for diagnoses before age 25. A family with a sick child can face $25,000+ in costs — this covers that.
