Three products, three different risks: see which one covers a paycheque, a diagnosis, or ongoing care, where they overlap, and where a self-funded gap remains.
Tap to add or drop each policy.
Drives the income-replacement need and the DI benefit (~60%).
The fixed lump sum a critical illness policy pays on diagnosis.
Facility / home-care cost that LTC reimburses as incurred.
How this works. Each product answers a different question. DI replaces
a percentage of lost income when you can't work; CI pays a fixed lump sum on diagnosis of a
defined condition, usable for anything; LTC reimburses qualifying care expenses when you can't
perform the activities of daily living. The chart shows a two-year window of each need bucket, how the policies
you own fill it, and the orange self-funded gap that is left over. Notice how a stroke can trigger
all three at once (overlap), while a plain injury or old-age frailty only fits one, and CI stays silent unless the
event meets its contract definition.
Educational illustration of standard Canadian insurance concepts. Figures are illustrative, not an insurer’s rates.
Illustration only, not a quote or advice. Figures are simplified for education and do not
reflect any specific insurer's rates. Consult a licensed advisor.