critical illness
Critical Illness insurance products can be purchased on an individual basis or through a plan offered by an employer.
These specialized policies or riders – often provided in addition to or with a standard insurance policy – provide a lump-sum, tax-free payment should a policyholder develop certain severe health conditions, such as:
- Invasive cancer
- Major heart attack
- Paralysis or Stroke
- Organ transplant
Because critical illnesses typically incur greater-than-average medical expenses, this insurance helps cover the gap between standard insurance payouts and total costs. Policies are typically relatively low-priced but may cover only a few severe illnesses or health emergencies. If you have a family history of these types of health emergencies, you may want to consider critical illness insurance.
Contact Shamrock Financial Solutions today to determine which products will best meet you and your family's needs.
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