Critical Illness

Critical Illness Insurance Policies

Tunnell Insurance

Most people will face the risk of a critical illness at some point during their lives. They will have a very serious illness such as a stroke, cancer or heart condition that requires a period of intensive medical care and makes them unable to return to work for a prolonged period of time. This type of illness can be hard on both the person and their wallet and savings. In that case, many people look for insurance to cover their fiscal needs as a result. Insurance that is designed to provide fiscal benefits when someone is facing a critical illness is known as critical illness insurance.

This kind of insurance is often provided as a benefit of one's work place. A person will be offered the insurance as part of their workplace benefits. The cost of the insurance, in that case, is picked up by the insurance company. The person may then use it as needed.


This type of insurance may also be purchased separately. Many people choose to purchase it in order to make sure they are protected in the event of an illness. If they have saved a great deal of money, the insurance will help them protect their life savings. The insurance company provides the insurance to the policy holder in return for a small fee.


In order to collect money from a critical illness insurance policy, the person must first typically submit to the insurance company demands. This will include a thorough independent physical examination by a doctor or series of doctors that are employed by the insurance company. The doctors will verify that the person has a serious illness and they need a compensation as a result.


The insurance company will issue the person any funds that they need in order to help them pay their bills. Many types of this kind of insurance also include funds that allows the policy holder to pay ordinary bills as well including their mortgage and bills for college for their children. The company keeps paying as long as the policyholder must deal with the aftereffects of the illness.

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