Critical Illness Insurance
Many people assume they're fully protected with a standard health insurance plan, but in the event of a big health emergency such as cancer, heart attack, or stroke, Critical Illness insurance could be the only thing protecting you from financial ruin. The exorbitant costs involved with treating a life-threatening illness are usually more than any plan will cover.
Fact:
Heart disease, such as coronary heart disease, heart attack, congestive heart failure, and congenital heart disease, is the leading cause of death for men and women in the U.S.
Critical Illness Insurance
Lump Sum
You can select a plan which will provide a lump sum pay out. For example, if you select a plan with a lump sum pay out of $10,000, if you were diagnosed with a critical illness you would be payed out a $10,000 lump sum to use as you wish.
Return of Premium
This plan will pay out a lump sum if you are diagnosed with a critical illness. However, if you are not diagnosed with a critical illness within the term of your policy, you will receive a return of all your premiums.
