Critical illness insurance pays a lump-sum, tax-free benefit if you’re diagnosed with a covered serious illness, helping cover medical costs, income lost, or other financial needs during recovery. Here’s the standard list of the 25 critical illnesses commonly covered:
Cancer, Heart Attack, Stroke, Coronary Artery Bypass Surgery, Kidney Failure, Major Organ Transplant, Major Organ Failure on Waiting List, Aortic Surgery, Multiple Sclerosis (MS), Parkinson’s Disease (with permanent symptoms), Alzheimer’s Disease, Motor Neuron Disease (e.g., ALS), Benign Brain Tumor, Blindness, Deafness, Loss of Speech, Loss of Limbs, Paralysis, Coma, Severe Burns, Occupational HIV Infection, Bacterial Meningitis, Aplastic Anemia, Heart Valve Replacement or Repair, Dementia