Critical Illness Insurance

Critical Illness Insurance

http://insureme.us/critical-illness-insurance/

Critical illness insurance is a policy intended to relieve financial pressures by means of paying what is called a lump sum, free of tax in the event that the policyholder becomes seriously sick or completely disabled. This policy differs from one provider to the next, but all of them require that the policyholder, after becoming ill or disabled must normally survive a certain amount of time before the policy will pay out.

Critical Illness Insurance was originally known as dread disease coverage. This means that the policy covers you or pays benefits should you be diagnosed with specific illness or illnesses.