What is Critical Illness Insurance

Critical illness insurance can serve as a financial safety net for you and your family in the event that you are diagnosed with a Critical Illness, such as cancer or cardiac disease. Since these medical emergencies typically incur larger than average expenses, Critical Illness Insurance can provide additional financial support to help you focus on your recovery.

With a Critical Illness policy you receive a lump-sum payment that can be used to cover many costs — including medical care, travel expenses or wages of a family member leaving work to help. Like Life Insurance, Critical Illness Insurance can be an important element in your financial plan. By paying you cash benefits when you are diagnosed with a specified covered illness, this can help alleviate some of the stress that you are already facing. Critical illness insurance can provide you and your family with the peace of mind that these expenses will not jeopardize your financial security while you recover.