Critical Illness & Disability Insurance
If you get sick or injured, protect your income from financial disaster. Receive a monthly benefit, a lump sum, or both.
Protecting Your Income When You Can't Work
A serious illness or injury doesn't just affect your health — it affects your ability to earn a living, pay your mortgage, and provide for your family. Zoobla Financial compares top Canadian insurance providers to find the right safety net for your needs.
Critical Illness Insurance
Pays a tax-free lump sum benefit following the diagnosis of a covered condition such as cancer, stroke, heart attack, or bypass surgery. You spend the money however you see fit.
- Lump-sum payment directly to you upon diagnosis
- Cover treatments not funded by provincial health care (OHIP)
- Pay off mortgage, credit cards, or living expenses while recovering
- Optional Return of Premium rider if you never make a claim
- Coverage available for children and adults
Disability Insurance
Replaces a portion of your monthly paycheque (typically 60%–70% tax-free) if an injury or illness prevents you from performing the duties of your occupation.
- Ongoing monthly income to pay rent, mortgage, and daily bills
- Crucial for self-employed, contractors, and small business owners
- Own-occupation and regular-occupation policy options
- Short-term and long-term disability protection structures
- Cost of living adjustments (COLA) available
Critical Illness vs. Disability: What's the Difference?
| Feature | Critical Illness Insurance | Disability Insurance |
|---|---|---|
| Payout Type | One-time lump sum | Monthly ongoing benefit |
| Trigger | Diagnosis of a covered critical condition | Inability to work due to illness or injury |
| Employment Status | Can collect even if working | Must be unable to work |
| Use of Funds | Unrestricted (treatments, debt, travel) | Unrestricted (living expenses, mortgage) |
Not sure where to start?
A Zoobla advisor can compare options across 30+ carriers and find the coverage that fits your life and budget.