Critical Illness Insurance

Critical illness insurance provides a payment if you experience a critical illness that is covered under the policy contract. 

You don't have to be disabled to collect. Unlike disability insurance, you don't have to be employed to receive the benefits. For example, a critical illness insurance payment is typically made in a lump sum and can be spent however you please — use the money for medical bills, a wheelchair, retrofitting your home, your mortgage or other bills, home health care or even a Hawaiian vacation. Medical conditions that qualify usually include serious injuries, diseases and major surgeries. Even with advanced medicine and a health insurance policy on your side, if you are diagnosed with a life-threatening illness, there is a possibility that you would not be able to afford the treatments recommended and needed.

Some insurance companies bundle critical illness coverage into categories, and you can make claims in multiple categories. 

For instance, one category could cover cancer-related conditions, another category could cover heart-related conditions and a third category could cover organ transplants, kidney failure or severe burns. You can buy a policy that pays for one category of conditions or a policy that covers all three condition categories.

Most Common Critical Illnesses:

• Life-Threatening Cancer
• Heart Attack
• Stroke
• Coronary Artery Bypass Surgery
• Coronary Angioplasty
• Major Organ Transplant
• Alzheimer’s Disease
• Multiple Sclerosis
• Kidney Failure
• Paralysis
• Blindness
• Deafness