Critical Health Insurance

You may have access to extended benefits through your employment, but sometimes those benefits only go so far. Instead of having to submit for reimbursement of costs, a critical illness insurance plan gives you a one-time, lump sum payout. It is up to you, and your family, how you spend this money and it doesn’t just have to be just for medical expenses. This insurance is to help make sure your family can continue to meet financial obligations if one of the sources of income is lost due to a critical illness or surgery. Most policies have a condition in place, known as the minimum survival period, where you must survive for a predetermined number of days after your official diagnosis to receive the benefit payout. After you have reached this number, the policy may be paid out and you can use to explore alternate treatments, pay bills, or even arrange for private medical care if you wish. Not sure if you qualify for this kind of insurance? Some of the conditions covered are heart attack, stroke, paralysis, cancer, kidney failure, coma, loss of limbs or sight or a major organ transplant. We can help with more information about other conditions covered, should you have any questions about your policy.