Critical Illness Insurance

Critical Illness (CI) Insurance is designed to pay out a lump sum benefit, free of income tax and capital gains tax, in the event that you are diagnosed with a serious or critical illness as defined by the insurance provider. The common critical illnesses covered include cancer, multiple sclerosis, kidney failure, stroke and heart attack. Each policy is designed for particular illnesses and you should carefully examine the policy wording before committing to one policy. Many term life insurance policies have a critical illness insurance option which you can additionally subscribe to.-1