If you are diagnosed with a life-threatening illness and expect to incur high medical costs before you die, which type of insurance would provide money for your final medical costs?

Question

Quizplus · Accepted Answer

Critical illness insurance is designed to provide a lump sum payment in the event of a diagnosis of a life-threatening illness, which can be used to cover final medical costs. Life insurance, on the other hand, provides a payment to beneficiaries after the policyholder's death and may not be accessible in time to cover final medical expenses. Professional insurance and house insurance are not relevant to this scenario, and while long-term care insurance may provide benefits for medical costs, it is typically focused on long-term care needs rather than end-of-life expenses.

If You Are Diagnosed with a Life-Threatening Illness and Expect