Critical illness insurance offers help paying costs associated with life altering illnesses. If you become sick with an illness covered by your policy and survive the waiting period, you receive a lump sum cash payment – you decide how to spend the money.
Critical illness coverage is a living benefit that provides protection to prevent this kind of situation. Critical illness benefits are paid as a lump sum and help the insured handle the high costs often related to his/her state of health.
For more information on Life Insurance programs and how they can work for you, contact us.