What is critical illness insurance?
Critical illness insurance is called by different names around the world, including cancer insurance, heart attack insurance, specified disease insurance and dread disease insurance. No matter what it’s called, the purpose is the same: reducing the financial impact of a serious disease.
If you are diagnosed with a covered disease or health event, a critical illness insurance policy will help you focus on your recovery by supporting your finances. You’ll receive a payment equal to the amount of insurance you purchase. You can use the money for whatever you need, from replacing lost wages or traveling for treatment to taking extra time off work or paying off your medical bills.
Critical illness insurance covers some of the most common serious illnesses and conditions. Depending on your critical illness insurance policy, you could have a long list of rarer ones covered – but Assurity’s Critical Illness insurance is simplified to cover the most common conditions and keep costs low for you.
It pays a benefit for:
- Cancer (invasive or non-invasive)*
- Heart Attack**
- Advanced Alzheimer’s Disease