Critical Illness

Unfortunately for many people your savings would not be enough for you to endure a critical illness. One way to help protect your family is a critical illness plan. Critical illness plans are designed to pay a lump sum benefit when you are diagnosed with a critical illness. A critical illness would include heart attack, stroke, major organ transplant, end stage renal failure, multiple sclerosis, Alzheimer's disease, and cancer. Critical illness plans are considered supplemental health coverage, meaning that they do not coordinated with your major medical insurance. Major medical insurance will pay the hospital and doctor directly while a critical illness plan will pay a lump sum benefit directly to you to help with expenses.

This lump sum benefit, which is chosen by the individual at the time they enroll, can be used for any expenses the insured wishes. For example, these funds can be used to pay medical bills such as co-pays or deductibles, replace lost income, child care, mortgage, rent, etc. Adding a critical illness plan to your insurance portfolio can make a real difference in your standard of living during and following an illness. This policy can be designed to cover an individual or the whole family. Premiums will be based on your age at the time you enroll as well as the benefit amount selected.