Thinking About Critical Care Insurance

Here’s our Critical Care Insurance checklist of what to consider

The cheapest isn’t necessarily the best

Don’t automatically opt for the cheapest policy you can find. Coverage levels vary widely, so you’ll need to ensure you’re getting value for money.

Find out what coverage is included.

While critical illness policies cover the conditions many of us worry about, such as cancer, heart attack, kidney failure, and multiple sclerosis, most also cover a wide range of additional illnesses, so always check exactly what is and is omitted.

While critical illness policies cover the conditions many of us worry about, such as cancer, heart attack, kidney failure, and multiple sclerosis, most also cover a wide range of additional illnesses, so always check exactly what is and is omitted.

What does a Critical Illness insurance policy cover?

Remember that Critical Illness Insurance does not replace current medical insurance, but it provides a lump-sum payment if you experience certain covered conditions. Critical Illness Insurance complements your medical and disability income coverage. It can help ease the potential financial impact of certain acute illnesses by helping you pay for some of the expenses associated with a covered condition.

Ask questions about the coverage that is best for you. Remember, this is the time to consider what makes sense for you.

Do you want to add permanent total disability coverage?

Critical illness policies may cover the policyholder becoming permanently disabled due to injury or illness as standard or for an additional fee. If you choose this option, some policies pay out if you can’t do your job, while others may only pay out if you cannot work at all. Make sure to ask questions and discuss the difference.

Review your options

Take the time to work with us to review your needs and options. We’ll help you understand how plans differ and can guide you in selecting the right strategy.