Archive for: Critical Illness

Critical illness insurance is a type of medical insurance where the person insured is usually paid a lump sum if and when he/she is diagnosed that the person covered under the policy is suffering from a critical illness. It may be a serious illness or a disabling injury. The amount [...]

People are living longer today. Although survival rates are on the rise for many medical conditions, a debilitating or critical illness and the costs associated with loss of income can lead to medical bankruptcy. This is where critical illness insurance can help. A 2008 study by the American Cancer Society [...]