Critical Illness Insurance

A type of insurance which pays a specified lump sum benefit if the insured is diagnosed with and then survives an illness which could result in death. It is designed to help people recover their finances while recovering from their illness. Policies vary considerably so it’s important to know how many illnesses are covered, which illnesses are covered as well and how each illness is defined in the contract. There are no conditions as to how the proceeds are spent.

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April 13th, 2024