Critical Illness Insurance
Critical illness insurance helps cover the unexpected costs and potential loss of income associated with serious illness. From the costs of medicine and treatment, to travel, specialist and home accommodations, treating and recovering from an illness can have a devastating financial impact. In addition, the impact is even greater if you are unable to work during your recovery.
With critical illness insurance you receive a cash benefit if you become sick with one of the covered conditions in your policy. Typically these funds are paid out tax free and can then be used as you wish. Just a few of the many covered critical illnesses would include: Heart Attack, Stroke, Cancer, Kidney Failure, Loss of Limbs, Organ Failure, Loss of Speech, Parkinson’s Disease. Depending on the company the number of covered illnesses range from 20 plus to 30 plus.
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