Get Free Life Insurance quotes now!

Enter your phone number and compare quotes now

Critical Illness Insurance

Life insurance provides a payout to your beneficiaries upon your death, but critical illness insurance is slightly different. This insurance will provide you with a lump-sum payment if you are diagnosed with a critical illness, allowing you to get the help you need without worrying about the household income.

Benefits

There are several benefits to choosing critical illness insurance. The lump-sum benefit will allow you to focus on either fighting the illness or enjoying your time with your family. Whether you choose to pursue a bucket list or focus on trying to beat the illness, the insurance will provide you with the funds you need to cover household expenses and the medical expenses you will be facing.

Flexibility

Critical illness insurance pays a cash benefit, and the funds can be spent in any way you see fit. You can use them to pay the mortgage, cover medical bills or travel during your final months. The choice is yours, and having the money will take the financial strain away during an incredibly difficult time.

Supplemental Coverage

Designed to work with other insurance programs, critical illness insurance provides you with supplemental coverage. You still need traditional medical insurance to cover the bulk of your care, and a regular life insurance policy is also recommended to cover final expenses and ensure that your family will be provided for financially.

Covered Illnesses

Critical illness insurance covers certain serious illnesses. Most of these are genetic, so you will know if you have a higher risk for them based on family history. They include heart attacks, cancer, strokes and certain other conditions.

Benefit Levels

The payouts for critical illness insurance range from $5,000 to $100,000 dollars. Some plans only pay in the event of a serious illness with poor prognosis, but you can also choose coverage that will pay 25 percent of the benefit for illnesses that have a positive prognosis.

Insurance for critical illnesses is an excellent idea for anyone with a family history of serious diseases or other risk factors. An affordable supplemental coverage, it is incredibly beneficial coverage to have if you are diagnosed with any serious disease.

Ask for quotes from different companies to ensure that you find the best price for your budget and the best coverage for your family.