Critical Illness Insurance is there for you if you are diagnosed with some kind of illness that is life-threatening. Many also know this type of Insurance as a dread disease policy. When a policy owner is diagnosed, they are then paid out a lump sum, which will then cover costs such as:

• Paying for costs connected to taking care of the person with the illness
• Helping to pay for any equipment or aids needed for recovery
• Filling in the gap for lost income, due to not being able to work

Some of the Critical Illnesses that may be covered include:

• Stokes
• Cancer
• Heart attacks
• Alzheimer’s

When taking out a policy, the amount you receive if making a claim, depends on the type of coverage you choose. Payment is usually made after a diagnosis has been made and is an illness that is covered by the policy. When obtaining a contract, the terms and rules will specify when the diagnosis of a specific critical illness is reviewed as authentic. When considering Critical Insurance take into account all of the risks as well as the exclusions that may be involved.