Critical illness insurance is a type of supplemental insurance that provides a lump-sum payment to the policyholder in the event of a diagnosis of a serious illness such as cancer, heart attack, stroke, and major organ transplant among others.
The amount of the payment depends on the benefit selected and the severity of the illness. These amounts can range anywhere from $5,000 to $50,000.
The lump-sum payment received can be used any way the policyholder wishes for things such as:
Example:
Critical Illness insurance is highly recommended in addition to a comprehensive health insurance plan to help provide for unforeseen medical as well as non-medical expenses as the result of a catastrophic health event.
American Trustee Financial Services will work with you to identify the plan that best meets your needs. Book an appointment today to speak with one of our agents.
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