Critical illness insurance is a “living benefit” that helps you 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 will receive a lump-sum cash payment. And the best part is that you decide how to spend the money (unlike reimbursed health insurance benefits).
How can Critical Illness Insurance help?
Reduces financial concerns while coping with your illness
Replaces lost income for you and your spouse, who may wish to take time off work to care for you
Helps pay for bringing in additional help at home for you and your family
Helps with the expense of new medical treatments and medications not covered by private or government health insurance plans