Critical Illness
Critical Illness Insurance lets you take time off when you need it.
It also provides money to seek the potentially necessary medical services that may save your life.
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Features of Critical Illness Insurance
- Provides a lump sum of tax-free money upon the diagnosis and survival of any of the insured illnesses (must survive 30 days).
- YOU decide how to use the money.
- Basic coverage is always included (insures against the three most common major medical events: heart attack, stroke, and cancer).
- Optional comprehensive coverage (insures up to 18 other major medical events).
- Premiums are returned in the event of death.
- Available as a stand alone policy or combined with a life insurance policy.
- Available as 10 year term, term to 65, term to 75 and term to 100
- Optional return of premium feature in which your premiums are returned if you don't claim after 10 years or by age 75.
Major uses of Critical Illness Insurance
- Access and pay for medical services.
- Pay off the mortgage.
- Semi or early retirement.
- Allow your partner to take time off during your recovery.
- Pay for child care.
- Hire domestic help.
- Pay for private nursing care.
- Modify your home to have better mobility.
- Go on a holiday.
- Features and Uses of Critical Illness Insurance
- More information on Critical Illness Insurance
- Critical Illness Insurance Terminology
- Other Critical Illness Resources