Recovering from a critical illness or injury takes time and rest and needs to be as stress-free as possible. To do so, you need to not be worried about how you’re going to pay the bills while you’re off work.
Unlike other insurance policies, Critical Illness insurance pays out upon diagnosis of critical illnesses, rather than upon death; allowing you to rest and recover without having to worry about financial obligations. And, should you never make a claim, you can get every cent of your premiums back.
Disability insurance means you can receive up to 60% of your income, tax-free, if you are partially or fully disabled due to injury and/or illness. Similar to Critical Illness insurance, it allows you to concentrate on recovery and rehabilitation without worrying about daily living expenses.
Long-term Care insurance pays up to $9,000 monthly, tax-free during your lifetime if you cannot do two of six daily living activities.