1. 63333 POINTS
    Peggy MacePRO
    Most of the U.S.
    Critical Illness Insurance and Life Insurance are two separate products. Critical Illness Insurance provides a benefit while the insured person is still alive but diagnosed with cancer, stroke, or other covered illness. Life Insurance pays a death benefit to the insured person's beneficiary after having passed away from illness, accident, or any cause.

    Some Life Insurance policies do have Critical Illness benefits built in or added on as a rider. With these policies, you can access some of the face amount while still alive if diagnosed with a covered critical illness. If that benefit is never used, the entire face amount is paid out upon  the death of the Insured.
    Answered on June 29, 2013
  2. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>