Is Critical Illness Insurance Life Insurance?
12689 POINTSview profileTed RatliffOwner, SFS Associates,No, life insurance covers you and pays your beneficiary when you die. Critical illness insurance pays you while you are still living to help offset the additional costs that may not be covered by your health insurance such as lost wages, alternative health treatments, deductibles and copay's and other expenses. Some life insurance policies contain a critical illness rider that allows a portion of the death benefit to be paid when you are diagnosed whith a critical illness.Answered on June 25, 2013flag this answer
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaCritical illness insurance is a morbidity product that pays the medical bills incurred by a prolonged sickness according to the benefit purchased. Life insurance is a mortality product that pays the beneficiaries of the policy upon the death of the policy insured.Answered on July 23, 2013+01+1 this answer
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