Critical Illness Insurance Needs Calculator

Enter the monthly mortgage or rent payments that need to be paid during the illness.
Enter car loan, credit card, and line of credit payments that need to be paid during the illness.
Enter the amount you want to continue to invest during an illness.
Other living expenses: Include food, transportation, clothing, property taxes, and utilities.
Personal support workers cost about $200 per day ($25/hour) while Registered Practical Nurses cost about $400 per day ($50/hour).
Monthly costs for a nursing home can range from $2,000 to $3,000 per month.
Include the cost of using a private clinic or US healthcare.
Include the cost of items like a wheelchair or a special bed.
Include costs such as ramps, lifts, widening doorways, or refitting a bathroom.
Include the cost of adding wheelchair access to your vehicle.
Enter the amount of employment or other income you will lose because of the illness. Do not include income dedicated to mortgage, other debt, and living expenses.
Include monthly income from disability insurance plans or other sources such as rental income.
Amounts you have in cash, chequing accounts, savings accounts, or other accounts.
Amounts you have in mutual funds, stocks, and bonds that aren't in your RRSP or TFSA.
Include existing critical illness insurance plans and group plans.