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Critical Illness Insurance

As an employer, protecting you is paramount. Critical Illness protection can assist both you and your Company.

What is Critical Illness?

Critical Illness provides a tax free lump sum payment to either the Corporation or Personally if you are diagnosed with one of the Insured Illnesses. The main ones in a working career, but not limited to, are Cancer and Heart.

When the plan is put together properly you can have the protection you need and it can also provide a tax effective way to withdraw money from the corporation.

We work with you and your advisors to ensure the Critical Illness benefit is put into place in the most tax effective way.

How Does it Work?

The Critical Illness Insurance policy premiums are paid for by the company

When the optional Return of Premium rider with the Critical Illness is elected and paid for personally, it provides for full reimbursement of all the premiums any time after 15 years as long as there are no Critical Illness claims.

At any time after 15 years, the insured individuals can receive a cheque from the insurance company for all premiums paid by both the company and the individual.

Contact Glendinning Insurance Services for more details.

We have a small company of less than 10 employees and Pam has always gone above and beyond to ensure we have the most cost effective comprehensive coverage for our team. Her assistance with any claims has always been more than expected. Pam is very knowledgeable, professional and caring and I highly recommend her company.
Pamela is very professional, approachable, knowledgeable, and client focused. She has setup our small businesses with an affordable benefits package. She is always reachable and willing to help and make sure the clients are being looked after.
Pamela and her team at Glendinning Insurance Services are exceptional. They are progressive, listen to their clients needs, and provide excellent client service. What makes them really stand out, is that they care. They care about their clients and their well-being; I highly recommend reaching out to Pamela to see how she might best support you and your business.
Are you in need of a trustworthy insurance broker that actually cares about your business? Our group of 6 companies has been working with Pamela Glendinning of Glendinning Insurance Service for over a decade. We'd highly recommend her!

If you have a question, we have the answer!