If you have life insurance and disability coverage, you probably believe you’ve done all you can to protect your family in case something happens to you. But there may be a strand missing from your personal safety net.
Suppose you suffered a stroke that left you unable to work. Your disability insurance payments do not start until the end of a waiting period. Disability insurance coverage provides a reduced monthly benefit of no more than 70% of pre-disability income and may continue for a limited time.
How do you look after your family’s immediate financial needs? This is where critical illness insurance comes into play.