Critical illness insurance is a specialized insurance product designed to provide a lump sum cash payment when the policyholder is diagnosed with a specified critical illness. This financial support can be essential for covering medical expenses and maintaining stability during treatment and recovery.
Key Features
| Feature | Description |
|---|---|
| Lump Sum Payment | Provides a cash payout upon diagnosis of a covered illness. |
| Regular Income Option | Some policies allow for regular payments instead of a single lump sum. |
| Surgical Coverage | May include payouts for specific surgeries, such as heart bypass operations. |
Conditions Typically Covered
| Condition | Description |
|---|---|
| Alzheimer’s Disease | A progressive neurological disorder. |
| Blindness | Loss of vision in both eyes. |
| Deafness | Complete loss of hearing. |
| Kidney Failure | Loss of kidney function necessitating dialysis. |
| Major Organ Transplant | Replacement of a major organ. |
| Multiple Sclerosis | Chronic disease affecting the nervous system. |
| HIV/AIDS (contracted via blood transfusion/surgery) | Infection through specific means. |
| Parkinson’s Disease | A progressive neurological disorder affecting movement. |
| Paralysis of a Limb | Loss of ability to move a limb. |
| Terminal Illness | A disease diagnosed with a limited life expectancy. |
It’s important to consult with the insurance provider to understand the specific details of coverage, as these can vary by policy.
If you’re interested in obtaining a quote or learning more about critical illness insurance tailored to your needs, feel free to reach out:
- Phone: (855) 543-6476
- Atlanta Office: One Glenlake Parkway, Suite 650 and 700, Atlanta, GA 30328
- Bridgeport Office: 1000 Lafayette Blvd, Suite 11, Bridgeport, CT 06604
- Email: Contact Us
Would you like to explore how critical illness insurance compares to other types of insurance?