Critical Illness

Critical  Illness Insurance pays a cash benefit to a policyholder when they are diagnosed with one of several covered critical illnesses like cancer, heart attack or stroke. The money is paid with no waiting period. And unlike traditional health insurance, it pays directly to the insured.

Health insurance pays for things like doctor bills, surgery and traditional treatment, while the insured is responsible for co-pays, deductibles and non-covered procedures. Disability insurance replaces a person's monthly income, but only a portion of it – and benefits don't usually start until after a 30- to 90-day waiting period. For life insurance to pay benefits, a person has to die. And while there are a few "specified disease" policies out there, they pay benefits only for the disease specified

Critical illness insurance is medical insurance that pays a lump-sum benefit upon diagnosis of a critical illness or condition. A critical illness insurance payout helps you avoid the financial strain a major illness can create so you can focus on your recovery. It gives you the freedom to:

  • Get the treatment you want
  • Spend time with your family and friends
  • Keep your home and other assets

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