What is Critical Illness Insurance

Medical advances have dramatically improved the survival rates of people who suffer critical illnesses such as cancer, stroke and heart disease. Recovery may come with a significant financial cost that impacts both you and the people close to you.

Critical illness insurance offers the financial help to pay the costs associated with life-altering illnesses. If you become sick with an illness covered by your policy and survive the waiting period, you’ll receive a lump-sum cash payment. And, unlike reimbursed health insurance benefits, you decide how to spend the money.

When should you buy Critical Illness Insurance

Reduce debt and other financial concerns while you cope with your illness

Replace any reduced or lost income for you and your spouse, who may wish to take time off work to care for you

Bring in additional help at home for you and your family

Consider new medical treatments and medications not covered by private or government health insurance plans

Next Step

 Your decision should be made with the help of someone who really understands the product.