Critical illness insurance is a policy that provides a lump-sum benefit when you are diagnosed with a covered critical illness like a heart-attack, stroke and other serious conditions – even cancer if it’s included in your policy.

This money can be used for anything from minimizing out of pocket costs to other expenses like your mortgage, groceries, or what your medical plan doesn’t cover.

It’s hard to plan for sudden critical illnesses, but this policy makes dealing with them easier. Dependent coverage may also be available.