Medical advancement has dramatically improved human lives, helping people to survive critical illnesses, however, this comes with an increased financial burden. While you may easily survive the life-threatening condition, the financial scar it may leave on you could be overbearing. Interestingly, there is a way out of this quagmire and that is London Life’s critical illness insurance. This coverage will offer you untold protection against critical illnesses and help you to recover fast without any financial scar.
The critical illness coverage will help you to maintain your lifestyle after a critical illness condition, provided you are diagnosed with one of the covered condition. Some of the covered conditions include stroke, life-threatening cancer, and heart attack. Being covered in the event of a severe illness implies that you can simply focus on your recovery.
How London Life’s Critical Illness Insurance Plan Operates
The critical illness plan will pay the insured a tax-free lump sum and he can use this amount to take care of himself in the event of a critical illness. You may find this amount really relevant if you have dependents or are one of your family’s primary income earners. The tax-free lump sum is only paid if you survive the survival period stated in the policy.