A critical illness—such as cancer, heart attack or stroke—interrupts your life and can leave you and your family financially strained.
The costs related to treating critical illnesses are often much greater than what is covered in a standard health insurance policy. Plus, a serious illness will often impact your ability to work, which results in additional financial challenges.
Fortunately, critical illness insurance can provide the coverage you need so you can focus on your health.
What is Critical Illness Insurance?
Critical illness insurance provides the financial support needed so you can focus on recovering from a life-threatening illness. You will receive a lump sum payment if you fall ill during your policy period and live for the duration of the survival period (typically between 30 and 90 days).
Critical illness insurance is restricted to serious, life-threatening illness including:
Some policies will cover upwards of 30 life-threatening illnesses. Like all policies, however, there are standard exclusions to critical illness insurance. For example, critical illness insurance often doesn’t cover pre-existing conditions, attempted suicide, and alcohol- and drug-related incidents.
Our expert critical illness insurance brokers can help you understand what is covered and what isn’t, and can also help you decide on a policy that is best suited for your needs.