Critical Illness Insurance complements your medical and disability income coverage, and can ease the financial impact of a critical illness by providing a lump-sum benefit to help you pay some of your additional expenses.
Thanks to advancements in modern medicine, chances of recovery from a critical illness like a heart attack, cancer, or stroke have greatly improved.
Although most medical plans provide coverage for hospital and medical expenses arising from critical illnesses, there are still many expenses that are not covered, such as medical co-pays, transportation to treatment centers, childcare, and more-could your nest egg withstand the potential financial impact of a critical illness?
Many Critical Illness Insurance policies feature:
A lump-sum benefit payment to use as you see fit
Dependent coverage for your spouse/domestic partner and children
Convenient payment options
No obligation to submit expense receipts
Coverage that can go with you if you leave your employer
Critical Illness Insurance complements your medical and disability income coverage. It can ease the potential financial impact of certain critical illnesses by helping you pay for some of the expenses associated with a covered condition.