CRITICAL ILLNESS INSURANCE
Know Your Insurance
Critical Illness Insurance
What is Critical Illness Insurance?
Critical illness insurance is one of the most important coverages that you should own today. This form of insurance provides a lump-sum, tax-free benefit payment anywhere from $25,000 and up, should you become seriously ill or get diagnosed with a critical illness such as cancer, heart-attack, and stroke.
Benefits of Critical Illness Insurance
- Works as income replacement and can reimburse the income loss during an ailment
- Gives you peace of mind and allows you to focus on treatment instead of stressing about providing the bread and butter for your family
- Tax-free insurance policy
Some critical illness options have a return of premium option available. With this option, if you don’t claim your coverage, you are eligible to get 100% of your premium back.
There are various options in the marketplace available today, but not all coverages are the same. Let a Rite Insurance agent put together a quote and show you the differences in the products available.