You get a lump sum, TAX FREE (pre-determined Policy Face Value), when diagnosed with a critical illness. Most companies covers over 20 of the major illnesses; such as Cancer, Stroke, Heart and Parkinson. One needs to review the covered illnesses. Most contract requires the insured to survive at least thirty days (30) from prognosis.*You DO NOT HAVE TO DIE to collect a lump sum.
Long Term Care Insurance
- Covers the cost of long term care services, including care services in:
- In your home, such as assistance with activities of daily living.
- Health care facility or nursing home.