Generally speaking, most group critical insurance policies follow the same plan pattern. These policies will pay out a predetermined amount of cash in a lump sum to policyholders with qualifying medical needs. This money can be used to cover any number of related expenses including travel to specialists, diagnostic tests, deductibles, co-pays, childcare, transportation, and much more. Where the money is spent is entirely up to the individual.
These policies will typically cover a wide range of critical illnesses including but not limited to: cancer, heart attacks, coronary artery disease, strokes, major organ failure, end-stage renal failure, loss of limb, Alzheimer’s Disease, Parkinson’s Disease, and various surgeries, diseases, necessary angioplasties, and more.