This coverage allows for payment of a lump sum benefit to the insured person whilst the person is critically ill, but still living. This payment is very helpful when the insured is diagnosed with an incurable illness. Critical Illness Insurance takes priority over Life Insurance as it provides the financial resources to you when you are alive but critically ill, unable to work, yet have increased medical expenses to tackle. Money becomes a vital factor in life's existence, crucial when one is critically ill and has bills to pay!
Critical Illness saved my husband - Anna Smith
Probably, Critical Illness Insurance is even more important, than Life Insurance. Looking after illness grabs earning time from your loved ones who care. It is also an added expense in terms of medicines, visitors parking in hospitals, meals, stay at hotels or countries where treatment is recommended and additional diagnosis required to get to the exact treatment advised by Best Doctors in the World.
Who has had a critical illness in your extended family? How did they support themselves financially? Did they ask you for financial help?
Did you help ?
Could you hope to borrow money from the bank or from your well-wishers, at such a crucial time?