Critical Illness (Cancer, Heart, Stroke, etc.)
Critical illness insurance is a type of supplemental health insurance that pays a lump sum of money if you are diagnosed with a covered serious illness or disability. Some of the covered illnesses depend on the policy you choose, for example:
- Heart attack or stroke
- Cancer
- Coma
- Multiple sclerosis
- Parkinson's disease
- Organ transplants
- Coronary bypass
You can use the money for anything you want, such as:
- Out of pocket expenses not covered by medical insurance
- Medical bills
- Wholistic treatments
- Everyday expenses
- Paying off your mortgage
- Childcare
- Groceries
- Health insurance deductibles
- Prescriptions and other medications
- Specialist treatment or rehabilitation
Critical illness insurance is relatively inexpensive and can help protect your finances if you become seriously ill. You can often select critical illness insurance as part of your portfolio of health and income protection coverages.
Disclosure: Coverage is subject and limited to plan options selected as described in the policy packet.
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