6 Conditions Covered by Critical Illness Insurance

Critical illness insurance is a type of insurance coverage that will provide you with a cash payment if you are diagnosed with a critical illness. There are many illnesses that could be included in this type of insurance coverage as well as some that would not be covered. If you are considering purchasing this type of insurance coverage, you might want to know what types of illnesses are usually covered. Here are some conditions that are covered by most critical illness insurance policies.

1. Heart Attacks

One of the most common conditions that people suffer from is the heart attack. Critical illness insurance will generally cover heart attacks. This condition can be very serious and if an individual is through their heart attack, they will be able to receive a one-time payment from the critical illness insurance policy. Generally, this is one of the conditions that pays the most.

2. Stroke

Another condition that is commonly experienced by many is a stroke. A stroke can have varying levels of affects to the human body. Some people make a full recovery and do not seem any different. Other people become paraplegics and never are the same again. Regardless of what type of stroke you experience, your critical illness insurance will most likely provide you with a lump sum payout.

3. Alzheimer's Disease

Alzheimer's disease is becoming more common with elderly adults in today's culture. This condition leads to extreme memory loss and other mental problems for the individual. If you come down with Alzheimer's, your critical illness insurance should step in and provide you with a settlement.

4. Organ Failure or Transplant

Organ transplants are becoming more commonplace in the medical field today. Many people experience failure in their kidneys and other vital organs. When this occurs, you could require a transplant or be forced to live with dialysis or some other type of treatment. In that case, your critical illness insurance will give you some money to help pay for expenses during that time.

5. Sight or Hearing Loss

Many people experience permanent sight or hearing loss at some point. When this occurs it can significantly impact the quality of their life. In both cases, you might require additional help or treatment that is extremely costly. In that case, having a critical illness insurance policy can be very beneficial because it will help you pay for these additional costs.

6. Cancer

Many people have to deal with cancer at some point. It can come in many different varieties and affect people differently. When you have cancer, you might have to have surgery or go through chemotherapy. Regardless of what you have to do, it will most likely set you back financially. Because of this, your critical illness insurance will step in and provide you with a lump sum payment. For example, you might receive a payment of $15,000 if you are diagnosed with lung cancer for the first time. 

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