Critical Illness Insurance

Critical illness is a type of medical insurance that provides coverage that is different from a typical health insurance policy. This insurance helps individuals avoid financial strain from a major illness by paying out a lump sum upon diagnosis of a critical illness.


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Critical illness should be bought in addition to a health insurance policy to cover services and care for an illness that is deemed critical by a health care provider.

Health insurance policies do not cover everything and have certain caps in coverage — leaving some people without the right policy. Consumers should consider critical illness insurance to make sure that they have the right coverage and financial protection from expensive medical bills.

How Is Critical Illness Determined?

A critical illness is usually determined when a policyholder survives a minimum number of days from when an illness is first diagnosed, which is usually around 28-30 days. Many policies require a health care provider to define when the diagnosis is considered valid to confirm it.

For example, a senior who is diagnosed with Alzheimer’s will only wait 30 days until the critical illness policy will kick in provide the senior benefits from the policy.

What Does Critical Illness Pay For?

One of the greatest benefits of a critical illness policy is that it provides policyholders with a lump sum when they are diagnosed with a critical illness. Consumers can then get to decide how to use this lump sum:

  • Get the medical treatment you want
  • Hire help or extra care
  • Take a vacation
  • Pay medical and mortgage bills

Types of Critical Illnesses

Illnesses that are considered to be critical can include and may not be limited to:

  • Blindness
  • Deafness
  • Kidney failure
  • Alzheimer’s disease
  • Major Organ Transplant
  • Multiple sclerosis
  • Parkinson’s Disease
  • And more

Policies cover different illnesses so consumers should compare plans to make sure they are getting the best policy for their budget and health care needs.

Choosing Critical Illness

Many people do not like to think about the need for critical illness insurance but it helps many families and individuals stay out of medical debt and get the help they need.

Talk to a licensed insurance agent about your health insurance and critical illness options by using our online quote form.