Critical Illness Insurance

Critical illness refers to a serious, life-threatening medical condition that can have a profound effect on a person’s quality of life, capacity for employment, and financial security.  Examples of critical illnesses include cancer, heart attack, stroke, and organ failure. To help cover the financial burden of these conditions, individuals may purchase critical illness insurance, which typically pays out a lump sum in the event of a diagnosis. This insurance can help with medical bills, lost income, and other expenses, allowing the individual and their loved ones to focus on recovery and rehabilitation.