What Is Critical Illness Insurance?

Critical illness insurance, also known as critical care insurance, is a type of insurance policy that compensates policyholders with a lump sum payment after they are diagnosed with a severe illness. This payment can then be used at the policyholder's discretion to cover health care or personal costs due to their illness.

The policy may also be structured to pay out regular income and the payout may also be on the policyholder undergoing a surgical procedure, for example, having a heart bypass operation.

Why Critical Illness Insurance

As the average life expectancy in the United States continues to increase, insurance brokers are finding ways to make sure Americans can afford the privilege of getting older. Critical illness insurance was developed in 1996, as people realized that surviving a heart attack or stroke could leave a patient with insurmountable medical bills.

Critical illness insurance provides coverage if you experience one or more of the following medical emergencies:

The best part? It only takes a few steps to find the best health insurance plans that suit your need. What are you waiting for? Enroll Now!

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