What Does Critical Illness Insurance Mean?

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What does Critical Illness Insurance mean? Read on to discover the definition & meaning of the term Critical Illness Insurance - to help you better understand the language used in insurance policies.

Critical Illness Insurance

Critical Illness Insurance

Critical Illness insurance is type of medical insurance that provides the insured with a lump sum payment in the event they are diagnosed with a specified condition or illness listed in the policy. Alternative payout structures are available, and many policies require the insured to survive the diagnosis for a certain number of days.

We hope the you have a better understanding of the meaning of Critical Illness Insurance.

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