1. Bob VineyardPRO
    Founder, Georgia Medicare Plans, Atlanta,GA
    Just a guess, but it sounds like a life insurance policy with a critical illness rider. I would never suggest someone buy a life policy with a critical illness rider. There are so many drawbacks to this kind of arrangement, not the least of which is the tax treatment of the benefit.
    Answered on June 6, 2013
  2. Gary LanePRO
    President, Lane Independent Agency, Southern California
    It is life insurance that will only pay if someone dies of specifically listed critical illnesses, such as cancer. It is usually substantially overpriced, since for not much more, you can usually obtain life insurance which will cover death from any illness. You should consult with an experience life insurance agent, who can discuss with you all the options available to you. Gary Lane, Agent, New York Life. 949 797 2424. Thank you.
    Answered on December 4, 2013
  3. Peggy MacePRO
    President and Senior Agent, Outlook Life, Most of the U.S.
    Critical Illness Insurance is a policy that will pay you a lump sum of money if you are diagnosed with a serious health condition. Some of the conditions that may be covered are stroke, advanced cancer, heart attack, MS, and Alzheimer's.

    Some life insurance policies with living benefits will allow you to take out some of the death benefit in cash, so that you can combine your life insurance and critical insurance into one policy.
    Answered on December 4, 2013
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