Critical Illness Insurance will pay you a tax free lump sum on diagnosis of any one of a wide range of serious illnesses such as:
- Heart Attack
- Kidney Failure
- Major Organ Transplant
- Permanent Total Disability
The diagnosis of such an illness would be a major trauma in your life, however, you would still have to meet your financial commitments.
A policy could help someone with a critical illness pay off the mortgage or other loans, compensate for a loss of income from work, or pay for children to finish their education.