Which best describes critical illness insurance?

Question

Quizplus · Accepted Answer

Critical illness insurance pays a lump sum benefit if you acquire an illness named in the contract and survive for a designated period (usually 30 days). It is not designed to pay for out of country medical attention or for long-term disability, as those are covered by other types of insurance. The benefit is typically paid upon diagnosis of the critical illness and can be used for any purpose, such as medical bills, household expenses or to make up for lost income during recovery.

Which Best Describes Critical Illness Insurance