Executive Summary:
A critical illness plan provides a one-time cash benefit of $25,000 - $2,000,000 in the event you are diagnosed with or, in some cases, require surgery for the insured critical illnesses. There are 20+ covered conditions with the primary ones being cancer, heart attack, stroke and coronary artery disease requiring surgery. There are no limitations or stipulations on what you can do with your money.
The Details:
What are your options if you or a family member should contract an illness? Or have a heart attack? Or need specialized medical treatment your family can’t afford?
Through this innovative solution you can collect a benefit ranging anywhere from $25,000 to $2,000,000 and use that money any way you choose to assist in your recovery. For example, you may want to:
What is it?
A critical illness plan provides a lump sum benefit in the event you are diagnosed with or, in some cases, require surgery for the insured critical illnesses. There are 22 covered conditions with the primary ones being cancer, heart attack, stroke and coronary artery disease requiring surgery.
Survival of a critical illness can result in potentially sudden, severe and in some cases, long-term financial difficulties. The critical illness insurance concept was generated within the medical profession. While doctors saved patients lives, a financial drain was created during their recuperation.
There is an answer available when we need it most. Rather than having to worry about financial concerns, focus can be placed on recovery and healing.
What it isn’t!
Critical illness insurance does not replace disability insurance. Disability insurance replaces a percentage of your income should you not be able to work (see Disability Insurance). You may not meet the definition of disability and therefore not be eligible for disability insurance when you contract a critical illness. So there is room for both in any insurance portfolio.