Critical illness insurance provides a lump sum tax-free payment if you are diagnosed with one or more of 26 critical illnesses or conditions such as cancer, a heart attack, or stroke.  While the details of the coverage are included in each policy, the key benefit of criticall illness vs. disability coverage is that you recevieve a large lump sum tax-free payment versus an ongoing stream of smaller amounts.  While the lump sum payment is yours to do with what you want, typically people may use the lump sum to:

• Consider new/alternative medical treatments that may not be covered by govenrment health plans
• Replace lost income or pay off debts while you cope with your illness
• Bring in additional help at home whether it is for you or your family

Outline Financial can answer any questions you may have when it comes to critical illness insurance. We can walk you through the process from start to finish making sure that the policy is tailored to you at a cost you can afford.