Terminal Illness Cover

Terminal illness cover (or Accelerated Death benefit) is an insurance policy that allows the insured to make a claim under if they have a disease or illness which lowers their life expectancy to one or two years. Often up to 80% of the benefit can be paid to the policy holder’s beneficiary, which can help pay for things like nursing care, experimental medical care, or even taking a trip. This type of cover cannot be purchased as a stand-alone policy, but is instead added on to other policies.

The majority of policies include terminal illness coverage with their life and critical illness coverage free of charge. But, it is important to note that this is not critical life insurance. Critical life insurance is much more comprehensive and covers illness that can severely impact a person’s ability to work, without affecting their life expectancy. Terminal illness is strictly for those circumstances where the insured has less than a year or two to live.


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757 W Hastings St St.
Vancouver, BC Canada
V6C 1V4
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