While your health insurance usually covers you in the case of a critical illness or cancer diagnosis, these plans help ease the financial burdens related to dealing with cancer and critical illnesses.

Advantages of a Cancer and/or a critical illness plan:

• Tax-advantaged, cash benefit
• Flexibility to allocate money as needed
• Simple application of questions with yes or no answers
• Various maximum lifetime benefit amounts from $10,000 to $100,000
• Can pay out in increments for specific treatments and conditions or pay out in lump sum when diagnosed

Some of the possible medical conditions your policy can pay for:

• Heart Attack
• Life-threatening cancer
• Loss of hearing
• Loss of speech
• Loss of vision
• Major organ transplant
• Paralysis
• Coma
• Renal failure
• Stroke
• Carcinoma in situ
• Coronary artery bypass graft