Cancer & Critical Illness Insurance

Cancer and critical illness policies pay you a lump-sum cash benefit if you are diagnosed with a specific covered condition such as invasive cancer, heart attack, stroke, end-stage renal failure, major organ transplant, or paralysis. The benefit is in addition to anything paid by your medical plan.

These policies are designed to help with the indirect costs of a serious diagnosis — travel to specialty centers, experimental treatments, lost income, household help, and other bills that don't show up on a hospital invoice.

Critical illness insurance is not health insurance and is not regulated as such. Always read the list of covered conditions and benefit triggers carefully.