Comparing the Critical Illness Rider to Critical Illness Insurance

Under the bClear benefits Program, the Accidental Death and Dismemberment (AD&D) plan is a core benefit that provides protection should an employee suffer an accident resulting in death or loss of limb. Through our commitment to re-invest in the program for our valued clients, we have added a Critical Illness rider. This rider offers a one-time payout for eligible employees diagnosed with cancer. Eligible employees can receive 5% of their AD&D payout up to $5000.

We feel that it is important when a life-changing illness strikes, that some of the financial burden be lifted through means such as the Critical Illness rider under that AD&D benefit. Also available to our members is a comprehensive, stand-alone Critical Illness benefit.

The bClear benefits sponsored Critical Illness insurance covers 21 illnesses and conditions, ranging from Alzheimer’s disease and major organ transplant to occupational injuries such as blindness and paralysis; benefit options range from $10,000 to $100,000. Employees diagnosed with one of the conditions, surviving 30 days from the date of diagnosis, if approved, are issued a tax-free lump sum payment. These funds can be used in anyway needed by the employee and their family.

Under stand-alone Critical Illness insurance, we have negotiated many additional features and benefits. These features include:

  •  Double the payout for occupational injuries.
  •  $50/day for hospitalization of more than 3 days.
  •  Payment for most common type of non-invasive breast cancer (DCIS).
  •  Payment for early prostate cancer diagnosis.
  • 2nd event coverage (Example: if cancer is the first claim and an employee then develops heart disease, the second claim is eligible).

Life-changing illness can strike anybody at any time. Critical Illness insurance is an important piece of the "peace of mind” puzzle.

For more information, please visit: our Critical Illness page or contact Colleen Cadez at 604 296 3255 or ccadez@bclearbenefits.ca if you would like to discuss adding the optional Critical Illness benefit to your current coverage.