Critical Illness
There are many supplementary health insurance products that you can purchase in addition to your primary health insurance plan. Critical illness insurance is one such insurance product that can provide you with a lump sum payment if you are diagnosed with a severe illness or condition. This benefit can be valuable in your time of need, so keep reading to learn why you should consider buying a critical illness insurance policy.
What Are Critical Illnesses?
Before learning what a critical illness policy is, you should first understand what qualifies as a critical illness.
A critical illness is effectively any illness that is life-threatening or life-altering. Cancer is the most commonly occurring critical illness, and up there with it is heart disease. Kidney failure is another common critical illness that is found frequently throughout the U.S.
What Is Critical Illness Insurance?
Critical illness insurance is a type of insurance that provides you with a lump sum payment if you are diagnosed with a covered illness or chronic condition. This is not a major health insurance plan, therefore it will not pay for health care services. Instead, the payment will be given straight to you, and you can use it to pay for whatever you need to.
What Does Critical Illness Insurance Cover?
Not all critical illnesses are covered by critical illness insurance policies, but many are. Which diseases are covered by your policy will depend on which plan you purchase, but these are some common conditions covered in critical illness insurance policies:
- Cancer
- Heart Attack
- Coma
- Stroke
- Alzheimer’s
- Kidney Failure
- Organ Transplants
- Paralysis
- Angioplasty
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How Much Is A Critical Illness Insurance Benefit?
When people are shopping for critical illness insurance products, they are normally most concerned with how large of a payment they can qualify for. Usually, benefits range between $5,000 and $75,000.
What benefits you are offered will depend on a variety of factors, such as your age, health condition, and health history. Your location will play into how much your plan costs as well, so consider that when shopping.
The best way to find a plan that offers the best benefits possible is to shop with the help of an insurance agent, so contact one now to get a free quote.
How Much Does Critical Illness Insurance Cost?
The price of your critical illness insurance will also depend on your health condition, health history, age, and your answers to a list of health questions. For example, if you use nicotine, your costs will increase noticeably. Similarly, women receive lower rates than men because they are less prone to certain illnesses.
To determine exactly how much you will have to pay for critical illness insurance, speak with an insurance professional now.
Compare Critical Illness Insurance In Your Area
Veritas Insurance Group is prepared to help you find affordable critical illness insurance in your area. To get started with a free quote, please give us a call at 563-940-2284. One of our agents will be glad to answer any questions you may have about critical illness insurance or any other insurance products.
