Critical Illness
Critical illness insurance is good to have, even though you hope to never use it. Critical illness insurance is an often low-cost insurance policy that boosts your peace of mind.
What is Critical Illness Insurance?
Critical illness insurance policies are designed to offer financial protection related to a serious illness should you fall critically ill. This includes things like cancer, heart attack, stroke, paralysis, and a few others. They are illnesses that not only cost a lot of money but often require time off from work and lots of rest. Unlike other types of health insurance, though, critical illness insurance offers a lump-sum payment to the insured person once a claim is approved. Although a critical illness policy can be strict in what qualifies you for payment, once you get the benefit payment you have lots of freedom to find the best medical care.
Creating a Policy
Critical illness insurance offers rather varied coverage and you must be specific when creating your critical illness policy. For example, you can get a plan that only covers cancer if that’s a specific concern of yours. The premiums on this will be lower than if you get a more diverse plan that covers additional conditions.
The critical illness policy is also subject to the circumstances you must stipulate before signing. For example, a simple diagnosis of a heart attack or stroke may not automatically qualify you – the policy may require symptoms to persist for a certain amount of time. These are all things you’ll have to go over and decide before you go ahead.
Get Protected Today
Although critical illness coverage is a limited type of health insurance, it’s still a good decision for many people.
Especially if you have a family history of certain conditions, you should get the financial protection offered by a good critical illness insurance policy. If you’re at all unsure how to proceed, reach out to us today and we’ll help you find some good critical illness insurance plans.
