Why CI? Critical Illness Protection from Transamerica for a Broader Spectrum of Coverage

Why CI? Critical Illness Protection from Transamerica for a Broader Spectrum of Coverage

What is Critical Illness Protection? Critical Illness Protection is a form of insurance that provides you with a one-time, tax-free payment if you are diagnosed with one of the critical illnesses covered in your policy. The money you receive, the Critical Illness Benefit, can be used however you choose with no restrictions. It s as simple as that. { } Do I really need critical illness insurance? You may not think that you need critical illness insurance. After all, you eat well, exercise regularly and your doctor thinks you are the picture of health. And that is precisely why you need critical illness protection. Confused? You won t be once you understand the realities of health today.

The realities of health today Canadians, on average, are living longer these days. Advances in medical science have made it so that a lot of critical illnesses that would have been fatal just a few years ago are now treatable, and even curable. And that s great news. But perhaps even more important is understanding what your chances are of being diagnosed with a critical illness and then understanding what that diagnosis could mean for your future. Let s take a closer look at the realities of health today. It could happen but will it? How often are Canadians diagnosed with a critical illness like cancer or stroke? The numbers are huge and we ve all seen them. But what does that mean for you? Will you get a critical illness? Who knows? But what we do know is that if you are diagnosed with a critical illness, and you are a healthy person, your chances of surviving that illness are very good. But survival comes with its own set of consequences and stresses. That s why planning for living with a critical illness makes good sense. You ve survived now what If your overall health is good, your chances of actually surviving a critical illness just keep getting better as medical science develops earlier ways to diagnose illnesses, and treatment options become more readily available. In fact, it is the healthiest and strongest people who are most likely to survive a critical illness and then have to deal with the consequences. Survival of a critical illness brings with it a whole host of stresses and financial challenges that can affect you and your family for years to come. The Critical Illness Benefit Critical Illness Protection from Transamerica can help by providing a one-time, lump-sum payment if you are diagnosed with a critical illness condition covered by your policy and you survive the 30-day survival period. The money you receive, your Critical Illness Benefit, can be used to help with the financial challenges and stresses that come with an illness. Your Critical Illness Benefit could help with Lost income The money you receive could be used to replace any income you lose while sick or recovering. Child care If you or a spouse is critically ill, you may have to hire help to ensure your children can continue with their usual schedule. Travel expenses If your doctor or treatment facility is not close to home, your benefit payment could cover the cost of flights, hotels, car rentals, hospital parking, etc. Bringing your family to you Having family by your side can help with the emotional stresses of a critical illness. The money you receive could help bring family to you from wherever they are in the world. 1

Taking a closer look at Critical Illness Protection Critical Illness Protection Product Options There are a variety of ways you can add the extra layer of protection that Critical Illness Protection from Transamerica provides. Coverage Type Term 10 Term 20 Term to age 65 Coverage description Renewable and convertible Renewable and convertible Convertible critical illness term 10 critical illness term 20 critical illness coverage with level premiums coverage coverage to age 65. Expiry age 75 75 65 Renewability option Renewable with guaranteed Renewable with guaranteed None premiums that increase every premiums that increase every 10 years. 20 years. Coverage option Policy fee Available as single life and multiple life plans. $60.00 per policy per year 2

Taking a closer look at Critical Illness Protection Critical Illness Covered Conditions You can choose between our 4-condition policy which covers 85% of claims, or opt for more comprehensive coverage with our 25-condition policy which also covers five childhood critical illness conditions until the age of 24 and an Early Detection Benefit. 4-condition coverage Cancer (life threatening) Stroke (cerebrovascular accident) Heart attack Coronary artery bypass surgery 25-condition coverage (also includes 5 childhood conditions) Alzheimer s disease Loss of independent existence * Aortic surgery Loss of limbs Aplastic anaemia Loss of speech Bacterial meningitis Major organ transplant Benign brain tumour Major organ failure on waiting list Blindness Motor neuron disease Cancer (life-threatening) Multiple sclerosis Coma Occupational HIV infection Coronary artery- bypass surgery Paralysis Deafness Parkinson s disease Heart attack Severe burns Heart valve replacement Stroke (cerebrovascular accident) Kidney failure The following five (5) childhood Critical Illness Covered Conditions are included up to the insured s 24 th birthday: Cerebral palsy Muscular dystrophy Congenital heart disease Type 1 diabetes mellitus Cystic fibrosis * Loss of independent existence does not apply until the age of 18 for a child coverage, at which time it is automatically available. A detailed description and definition of each of these conditions and their associated exclusions, limitations and Survival Periods is set out in the contract. Any illness, disorder or surgery not specifically defined in the contract is not covered. MORATORIUM PERIOD EXCLUSION: 90 DAY EXCLUSION FOR CANCER AND BENIGN BRAIN TUMOUR The 90-day exclusion period refers to the first 90 days the contract is in force or the first 90 days after reinstatement. If, within this period, you, as the insured person are diagnosed with any cancer or benign brain tumour, or have signs or symptoms that lead to a diagnosis of cancer or benign brain tumour at any time, you will not be eligible to receive the Critical Illness Benefit or Early Detection Benefit for the diagnosis of cancer or benign brain tumour or a covered condition directly resulting from or the treatment from any cancer or benign brain tumour while the policy is in force. In this exclusion, the term any cancer includes all cancers and benign brain tumour, even if you would not have been covered under the definitions of cancer for a Critical Illness Covered Condition or an Early Detection Covered Condition. The information about signs, symptoms, investigations and Diagnosis as described above must be provided to us in writing within six (6) months of the date of Diagnosis. If the information is not provided during this period, we have the right to deny any claim for a Critical Illness Benefit or an Early Detection benefit for any cancer or any Critical Illness Covered Condition or Early Detection Covered Condition caused by any cancer, benign brain tumour or its treatment. Please refer to your contract for a more detailed explanation of the moratorium period exclusion. 3

Taking a closer look at Critical Illness Protection What else do you get? Along with the one-time, lump sum Critical Illness Benefit, your Critical Illness Protection policy offers you the following additional benefits: Return of Premium on Death Benefit If you die without ever making a claim on your Critical Illness Protection policy, we will return all premiums paid for the coverage to your beneficiary. This includes ratings, any waiver of premium riders and the policy fee (if applicable). Expert Medical Opinion Service (EMOS) from Advance Medical If you are diagnosed with a critical illness or any other medical condition, we understand that you may want a second opinion. That s why we include the services of Advance Medical with all of our critical illness protection products. EMOS will connect you and your doctor with world-renowned specialists to confirm your diagnosis and treatment options. There is no limit on the number of times this service can be accessed and it is available for family members, too. The diagnosis of a critical illness covered condition is not necessary and this service can be accessed at any time for any medical condition. Plus on the 25 condition coverage only Early Detection Benefit The Early Detection Benefit, available only with the 25-condition coverage, provides a one-time lump-sum payment per policy if you are diagnosed with one of the Early Detection Covered Conditions and survive the survival period. The Early Detection Benefit covers the following conditions: Coronary angioplasty Early prostate cancer Ductal breast cancer Superficial malignant melanoma The Early Detection Benefit can be paid only once, and only for one covered condition per policy. Your advisor can explain the complete terms and conditions for this Benefit. You can find more information about Critical Illness Protection from Transamerica from your advisor or visit www.transamerica.ca. 4

Transamerica Life Canada is a leader in the Canadian marketplace, providing a broad range of individual life insurance and protection products and services, all designed to help Canadians protect against financial risk and transform their tomorrows. Distribution is through a number of channels, resulting in a national network of thousands of independent advisors. For over 100 years, Transamerica Life Canada has been delivering on its promises and intends to continue that strength and stability to be able to keep making the things that make tomorrow better. Transamerica Life Canada is an Aegon company. As an international insurance, pensions and asset management company based in The Hague, Aegon has businesses in over twenty markets in the Americas, Europe and Asia. Aegon companies employ over 23,000 people and have millions of customers across the globe. Giving back to the community in different ways is a part of who we are at Transamerica Life Canada. Each year, we allocate funds to our in the spirit of hope charitable giving program, which donates to numerous non-profit organizations that serve health, community and well-being causes across the country. 500 5000 Yonge Street Toronto, Ontario M2N 7J8 www.transamerica.ca Aegon and the Aegon logo are registered trademarks of Aegon N.V. Aegon Canada ULC and its affiliated companies are licensed to use such marks. Transamerica and the pyramid design are registered trademarks of Transamerica Corporation. Transamerica Life Canada is licensed to use such marks. LP1622 9/14