In Benefits Q&A

Whether you use Critical Illness as a stand-alone benefit or as part of your total benefits package, it offers your employees peace of mind. No one knows if they will be affected by a serious illness. But almost everyone knows someone that has been through unexpected medical hardship. 

Critical Illness insurance usually pays out a lump sum upon the diagnosis of covered illnesses such as cancer, Alzheimer’s disease, or heart attack. You can use these funds any way you wish. That includes paying off your mortgage, seeking medical treatment abroad, or taking time off work to focus on your recovery. 

Kevin Zakus, the former CEO of BCCA Employee Benefit Trust, was grateful to include Critical Illness insurance in the company benefits plan when one of his employees was diagnosed with cancer. “When you find out that one of your employees is in the middle of a medical crisis, there is some relief in knowing that some of their financial burdens will be relieved through this benefit.” He continues, “Being a benefits provider does not, unfortunately, make our staff immune to medical crises. You can feel somewhat helpless when one of your employees is diagnosed. But knowing that they will have some money for bills, a restful vacation, or to get help around the house, eases the burden a bit.”

Our Critical Illness insurance covers 24 illnesses including:

  • Aortic surgery
  • Benign brain tumour
  • Blindness
  • Cancer (life-threatening)
  • Coma
  • Coronary artery bypass surgery
  • Deafness
  • Dementia, including Alzheimer’s disease
  • Dilated cardiomyopathy (NEW)
  • Fulminant viral hepatitis (NEW)
  • Heart attack
  • Kidney failure (NEW)
  • Loss of speech
  • Major organ failure on waiting list
  • Major organ transplant
  • Motor neuron disease
  • Multiple sclerosis
  • Muscular dystrophy (NEW)
  • Occupational HIV infection
  • Paralysis
  • Parkinson’s disease and specified atypical Parkinsonian disorders
  • Primary pulmonary hypertension (NEW)
  • Severe burns
  • Stroke

When employees receive a lump sum payout from their Critical Illness insurance, they can focus on getting better. Including this benefit in your total compensation package shows your employees that you truly care about their wellbeing. It shows them that you’re in it for the long haul and that they can trust you when they are in need.

Interested in adding this benefit to your benefits plan? Call 1 855 368 2920 (Monday-Friday 5 am – 5 pm PST) and mention BCCA to the operator.

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