In the event of a covered critical illness, Critical Illness Insurance provides you with highly needed financial relief as a full lump sum payment reflecting your policy. Given current medical advancements, survival rates have increased, and survivors of these illnesses require financial support to maintain their previous standard of living. There are many ways that funds provided by Critical Illness Cover will aid you in the event of an illness, including:
- Access to medical treatment worldwide
- Repayment of debt
- Second Opinion service
- Vacation with loved ones
- Recovery time away from work
- Making necessary changes to your home and/or lifestyle
- Private nursing care
Critical Illness Insurance differs from Disability Insurance as coverage will be paid out to you regardless of your ability to work. If death occurs while the insurance policy is in effect and before you qualify to receive the total lump sum payment, all the Critical Insurance premium payments on regular rated policies will be returned to your beneficiary.