What Is A Critical Illness Insurance Policy?
A critical illness insurance plan can pay you cash for a qualifying serious illness. You can use the cash for whatever you want. These can include living expenses, loss of wages, bills, out of pocket medical costs, car payments, mortgage, etc. This will help you be able to focus on your treatment and recovery.
Critical Illness plans pay direct cash payment lump sum to the patient, not the provider.
Who Needs Critical Illness Insurance?
- If the loss of income will impact your way of life
- If you or a spouse is the primary breadwinner
- If you have health insurance
- If you do not have health insurance