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Critical Illness Insurance Calculator

If you suffered a critical illness, how could you use your LifeAdvance benefit? Use this table to estimate the benefit amount you might need.

Enter whole numbers in each field that applies to your situtation. Do not enter commas, decimals or spaces.

Personal protection

Activity Estimated Cost
Pay outstanding mortgage:
Pay outstanding loans
(e.g. car, credit cards, line of credit):
Preserve retirement savings:
Top-up disability coverage:
Replace spouse’s income:
Provide an education fund for children:
Pursue alternative or complementary medical care (not covered by government health plans):
Purchase rehabilitation, home care, homemaking or childcare services:
Modify home or vehicle:
Total critical illness insurance needed:

Business protection

Activity Estimated Cost
Pay office expenses
(e.g. utilities, rent, salaries, property taxes):
Pay outstanding business loans (e.g. credit cards, line of credit):
Provide short term income continuance:
Hire replacement staff:
Fund a buy/sell agreement:
Modify access to office:
Total critical illness insurance needed:

This needs analysis is intended as a tool to assist you and is not meant to indicate the actual costs that may be incurred as a result of a critical illness. This is not intended to be a recommendation or opinion as to the amount of insurance you require, but rather a basis for discussion between yourself and your advisor.

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