Critical Illness

Critical illness insurance provides a lump-sum payment upon the diagnosis of a critical illness or condition. A critical illness supplement policy could help cover costs associated with heart attack, stroke, cancer, end-stage renal failure, or multiple sclerosis – although critical illness qualification varies based on company policy.

This form of insurance is designed to help you avoid the financial strain that a major illness can create. For example, the benefit from a critical illness policy can be used toward a mortgage payment or travel expenses.  Unlike disability insurance, you don’t have to be employed to purchase this type of insurance.