Critical Illness Insurance | Preferred Choice Financial Group

Critical Illness & Cancer Rider

Anyone diagnosed with a critical illness will tell you it can be as difficult financially as it is emotionally. Make sure your family is financially protected in the event of an illness.

According to the National Cancer Institute, many drugs and biologics used to treat cancer cost over $10,000 a month.
That's just for one drug. As in most cases, patients' best shot at remission often requires multiple therapies.
Don't wait till it's too late! Something could change tomorrow.
Protect you and your loved ones today!

What is Critical Illness & Cancer Rider?

Critical illness or cancer rider is an addition option on a life insurance policy, where the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the critical illnesses or cancer listed in the insurance policy.

The policy may also be structured to pay out regular income and the payout may also be on the policyholder undergoing a surgical procedure, for example, having a heart bypass operation.

Conditions That May be Covered:

  • Alzheimer's disease

  • blindness

  • deafness

  • kidney failure

  • A major organ transplant

  • multiple sclerosis

  • HIV/AIDS contracted by blood transfusion or during an operation

  • Parkinson's disease

  • paralysis of limb

  • terminal illness