Simplified issue cancer insurance for people with diabetes

Do you know that 2 in 5 Canadians will develop cancer in their lifetime? Do you know that diabetes doubles the risk of liver, pancreas, and endometrial cancer? It increases the risk of colorectal, breast, and bladder cancer by 20% to 50%.

Dr. Ohkuma and his colleagues discovered not only that diabetes – both type 1 and type 2 – put people at risk of developing specific types of cancer, but also that this risk is much higher for women than it is for men. Women with diabetes are 27% likelier to develop cancer, compared with healthy women.

Today, even people with diabetes can survive cancer. After controlling for confounding factors, diabetes was associated with only a 10% increase in mortality for all cancers in comparison with those who did not have diabetes.

Diabetes and cancer represent two complex, diverse, chronic, and potentially fatal diseases. Cancer is the second leading cause of death, while diabetes is the seventh leading cause of death with the latter still likely underreported.

Simplified Issue Cancer Insurance benefits

People with diabetes can get Simplified Issue Cancer Insurance that helps ease the financial burden. It is affordable critical illness insurance that is quick and easy to obtain. It helps you focus on your recovery and meet your financial obligations in the event of a cancer diagnosis, the most common critical illness in Canada.

The main benefits Simplified Issue Cancer Insurance are:

  • No medical exams, no blood tests and no lengthy questionnaire
  • Benefit payable upon cancer diagnosis
  • Payment to be used any way you prefer
  • Guaranteed renewable contract up to age 75
  • Eligibility from birth to age 65
  • Optional coverage: prevention, critical illness and return of premiums available
  • Available plans: terms 10, 20 and 75
Three optional coverages to add

You also have the possibility of adding optional coverages for cancers without risk of death and other common critical illnesses, such as stroke or heart attack. Life-threatening cancers are covered under the basic cancer insurance, but other less threatening cancers can be financially damaging as well.

  1. Prevention

The prevention option provides the payment of a partial benefit equal to 50% of the sum insured, up to a maximum of $25,000, for the following conditions:

  • carcinoma in situ of the breast
  • stage 1A malignant melanoma (melanoma of less than or equal to 1.0 mm in thickness, not ulcerated and without Clark level IV or level V invasion)
  • stage A (T1a or T1b) prostate cancer
  1. Critical illness

For up to $150,000, you can top up your cancer insurance by adding the following illnesses:

  • stroke (cerebrovascular accident)
  • coronary artery bypass surgery
  • heart attack (myocardial infarction)
  • paralysis
  • coma
  1. Return of premiums

For those who are under age 55, the Return of Premiums option can be added to the coverage. This will return 100% of all premiums to the beneficiary if the insured person dies while the contract is in effect, less any claim payments. If the contract expires at age 75, this option will return up to 50% of all premiums paid, less any claim payments.

How much could be a monthly payment?

Just one example: if a woman buys simplified issue cancer insurance at age 49, she could have paid about $47 a month for a 10 year (T10) contract with $75,000 in coverage.

If you have diabetes, consider buying simplified issue cancer insurance before it’s too late; it’s more affordable than you might think.

how can we help you?

Please let us know how we can help. Whether it is a free no-obligation quote or just a question – we will be happy to provide you with detailed answers.


Please let us know how we can help. Whether it is a free no-obligation quote or just a question – we will be happy to provide you with detailed answers.

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