01
Split-Dollar Advantage
Share costs between the corporation and the individual to optimize tax efficiency and personal wealth.
CRITICAL ILLNESS INSURANCE CANADACritical Illness Insurance in Canada:
Critical Illness Insurance in Canada:
Lump-Sum Financial Protection
Critical Illness Insurance provides a tax-free lump sum payout if you are diagnosed with a covered life-altering illness—such as cancer, heart attack, or stroke. Unlike health insurance, you choose how to spend the funds: paying off mortgages, funding private medical care, or replacing lost income during recovery.
DMPG Wealth Solutions helps families and business owners across Ontario explore comprehensive personal coverage and corporate strategies like Return of Premium (ROP) and Split-Dollar arrangements, returning up to 100% of premiums if you never make a claim.
STRATEGIC HIGHLIGHTS
Smart Protection For Business Assets
Critical Illness Insurance is more than just a medical safety net; it is a vital tool for long-term risk management and business continuity.
02
Return of Premium (ROP)
If no claim is made, get back 100% of the premiums paid. It acts like a forced, tax-free savings account.
03
Key-Person Coverage
Provides the business with a lump sum to hire replacements or training staff if a vital leader is absent.
04
Tax-Free Payouts
Benefits paid to the corporation are generally received tax-free, ensuring maximum liquidity when needed.
05
Buy-Sell Funding
Use the payout to fund a buy-sell agreement if a partner is permanently unable to work due to illness.
06
Debt Safeguard
Instantly pay down business loans or mortgages to alleviate financial pressure during recovery.
07
Expert Medical Support
Access best-in-class medical second opinions and consultations for the affected key person.
08
Flexible Structures
Choose from 10-year, 20-year, or permanent coverage options based on your business stage.
SAFEGUARD WORKFLOW
Simple Steps To Insure Continuity
Corporate health is tied to leader health.
Protecting your key people is just as important as protecting your hardware. Our process ensures you have the capital required to navigate a health crisis.
Request a ConsultationStep 1
Key Person Identification
Identify essential shareholders and leaders whose absence would financially impact the firm.
Step 2
Policy Structuring
Determine benefit amounts and structure shared-ownership or split-dollar agreements.
Step 3
Medical Evaluation
Our team coordinates the underwriting process with Canada's top insurers for quick approval.
Step 4
Coverage Activation
Once active, your business is shielded. Receive a lump sum if a covered illness occurs, allowing focus on recovery.
VITAL BUSINESS PROTECTIONProtect Your
Protect Your
Key People,
Protect Your Firm.
When a critical leader falls ill, your business shouldn't. Secure a tax-free lump sum to maintain stability and fund recovery.
WHY CHOOSE BUSINESS CIIComprehensive Benefits
Comprehensive Benefits
For Canadian Corporations
Stop illness from derailing your corporate roadmap. Leverage high-level insurance engineering for total peace of mind.
Lump
Sum Liquidity
Receive a one-time, tax-free payment to use at the company's discretion.
- No restrictions on usage
- Pay down corporate debt
- Hire headhunters/replacements
- Fund buy-sell buyouts
- Stabilize cash flow volatility
Split
Dollar Strategy
A tax-smart arrangement where the firm and owner share policy costs.
- Reduces corporate out-of-pocket
- Tax-free wealth extraction
- Flexible cost-sharing ratio
- Differentiates base and rider
- Optimizes corporate surplus
100%
Money Back (ROP)
The 'win-win' rider: get your money back if no claim is ever made.
- Total premium refund at expiry
- Acts as a corporate asset
- No cost if illness doesn't hit
- Encourages long-term health
- Secure ROI on protection
*Pricing isn’t one‑size‑fits‑all — it shifts based on your age, your health, and the provider.
ELITE PROTECTIONEnsure Business Continuity
Ensure Business Continuity
During Major Health Events
If a key shareholder or critical leader faces a serious illness, the impact on your business operations can be devastating. Critical Illness Insurance (CII) provides the financial strength to hire temporary help, train replacements, and keep the gears turning while your leader focuses on recovery.
ESSENTIAL RULES
Essential CII Rules
The Payout:
A lump-sum payment is delivered usually 30 days after diagnosis of a covered illness.
Split-Dollar Setup:
The company pays for protection; the owner pays for the ROP rider. This creates a powerful shared-cost structure.
Tax Treatment:
When structured correctly, the corporation receives the benefit 100% tax-free in Canada.
Condition List:
Covers roughly 25 conditions including cancer, stroke, heart attack, and major organ failure.
GET ASSISTANCE
Need More Information? We're Here To Assist You
Fill out the form below and our team will get back to you within a few hours with a customized plan.
WHY CHOOSE US
Everything You Need, All In One Place
We simplify insurance & investment— from finding the right policy to guiding every step of your claim.
Customized Policy
Get a tailored policy that aligns with your needs, priorities, and future goals.
Guided Help
Understand every step with simple advice and zero unnecessary confusion.
Less hustle, more care
Fast and reliable support whenever you need claim-related assistance.
Online Application
Apply from anywhere with a quick digital process that saves your time.
2,500+
Families Protected
25+
Partner Insurers
10+
Years Experience
100%
Unbiased Advisory
Trusted & Secure
Licensed advisors help you choose the right coverage with complete transparency and personalized support.
CII COMMON QUERIES
Clear Answers For Families & Business Leaders
Under Canadian critical illness contracts, the survival period is the waiting period—typically 30 days from the date of formal medical diagnosis—that you must survive before the tax-free lump-sum benefit becomes payable. This distinguishes living recovery benefits from life insurance payouts.
Need key-person protection?
Schedule a meeting to structure your Split-Dollar Agreement.
Knowledge Hub
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