危疾保險
What is Critical Illness Insurance?
Critical illness insurance is designed to provide you with a lump-sum payment if you are diagnosed with a serious illness that is specifically listed in your policy. This payment is made to help you cover the financial costs associated with your illness, and can be used as you see fit.
Why should I buy it?
Flexibility
The lump-sum payment from critical illness insurance gives you the flexibility to use the money as you see fit, whether it’s for travel, medical expenses, you choose!
Income replacement
Enjoy having an income replacement while you take time off work to focus on your recovery and treatment.
Financial Protection
Critical illnesses can lead to costly medical expenses. The lump-sum payment from a critical illness policy can help cover the cost of treatments not covered by your health insurance.
Critical illness insurance provides financial support for medical emergencies such as cancer, heart attack, stroke, organ transplant, and more, that are not covered by regular health insurance.
How does Critical Illness Insurance work?
Covered Illnesses
Get reimbursed for care in a variety of settings, from such as in-home care, nursing homes, assisted living facilities, and adult day care centers.
Policy Term and Waiting Period
Policies terms will vary depending on your insurance provider.
Before you claim your critical illnesses insurance, you must until
the survival period has elapsed.
Typically this will require that you survive 30 days after diagnoses
or surgery before you can submit your claim to receive the benefit.
Diagnosis of a Critical Illness
Different policies may require you to undergo medical examinations, while others may not.
Lump Sum Payment
Once you meet the policy requirements and your payment is approved, you will receive a lump-sum payment. This payment can be used however you want and does not have to be used for health-related purposes.
Premiums
To keep your policy active, you must pay “premiums”, or regular payments, monthly, quarterly, or annually, depending on the policy terms and your preference.
When should I buy it?
Early in Your Career
The younger and healthier you are, the lower your premiums are likely to be. Buying critical insurance earlier in your career can help you lock in a more affordable rate.
Starting a Family
If you have or are planning to have children, ensuring you have adequate coverage can help protect your family’s financial future.
High-Stress Occupations
If you work in a jobs with high stress or physical demands, it can increase your risk of critical illnesses.
Before Health Declines
Purchase insurance before any health issues arise. Pre-existing conditions can lead you to pay higher premiums or deny your coverage.
Family History
If your family has a history of critical illnesses, purchasing coverage sooner will ensure your finance will be secure if you suddenly fall ill.
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