What Is Critical Illness Insurance?
It goes by many different names – cancer insurance, dread disease insurance, specified disease insurance. Regardless of what it’s called, it’s designed to help you stay on top of your finances if you’re diagnosed with an expensive serious illness or condition.
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. When you’re diagnosed, you’ll receive a lump sum of money paid directly to you. 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)*
Advanced Alzheimer’s disease
Watch this short video to learn how critical illness insurance works.