Critical Illness Health Insurance

Critical illness health insurance provides payments if you suddenly fall ill to a disease or illness that is covered under your policy’s contract.

Unlike something like disability insurance, you don’t need to be employed to collect the benefits. Critical illness payments are made in a lump sum and can be spent on whatever you want such as medical bills, wheelchairs, mortgage and other bills, and so on. Medical conditions that qualify for critical illness payments include heart attacks, strokes, kidney failure, Alzheimer’s, blindness, deafness, just to name a few.
You can purchase a critical illness health insurance policy in a number of ways:

• As part of your own individual policy
• As part of your workplace policy either through the premiums you pay or a payroll deduction.
• As a supplemental health insurance or lie insurance policy.

Sometimes health insurance companies bundle critical illness coverage into categories such strokes, which can occur multiple times. In this case, you would receive part of the benefit amount with the rest held in reserve should you have another stroke.

If you are over 65-years-of-age, you cannot purchase a critical illness policy and if you are over 60, the price of such will be very expensive.