The scariest sIt is of paramount importance to have coverage in the harrowing event of a severe illness. Critical Illness Insurance, also called Severe Illness Insurance, is an option provided by employers all across the country. This form of supplemental insurance pays out a lump sum of money in the event that the covered individual or one of his or her family members contracts a major or critical illness. Health events like strokes, heart disease, and cancer, to name a few, are covered.
If one obtains Critical Illness Insurance, it will cover anyone you originally chose to include in the policy, be it you, your husband or wife, or your kids. If one comes down with a terrible illness, one may receive a lump sum with which to pay for the various needs related to the illness. Examples would be co-pays, any travel expenses, and support for the care of the family.
Unexpected, devastating financial burdens can really hurt a family, so with such coverage making available additional funds in time of need you will be helped through it with the peace of mind in knowing that you have back-up. If you down and out and cannot work to keep your family supported, then this policy is like a white knight.