What is Critical Illness Insurance?
Critical Illness Insurance (CII) is a type of insurance that makes a one-time lump sum payment in the event you are diagnosed with one of the illnesses covered by your policy. Examples could include dementia, stroke, cancer or heart attack
Features of CII:
Examples: Medical care, childcare, day-to-day expenses, retrofitting a home, injecting funds into a business, etc.
Example: If a claim has not been made return of premium at age 65+, or return of premium at death