Critical Illness Insurance

Critical Illness Insurance is a plan contracted with a life insurer typically to make a lump sum cash payment if a policyholder is diagnosed with one of the critical illnesses listed in the insurance policy.

These policies can cover serious illnesses that can cause loss of independence, such as the main health threats of cancer, heart attack, and stroke. As well many more illnesses, the list of which we can provide as we go over the insurance planning with you.

The policy may also pay out regular income to a policyholder undergoing a surgical procedure, such as having a heart bypass operation.

The policy may require the policyholder to survive a minimum number of days from when the illness was first diagnosed (usually 30 days).