People are living much longer due to advances in technology. We can now live long lives with illnesses and diseases that once would have meant a short term death sentence. Men’s Health magazine recently reported that 1 in 2 people will develop cancer in their lifetime. Other studies have shown that 1 in 5 people will have a stroke and the statistics for heart attacks is similar. Suffering a significant health issue is one of the largest contributors to bankruptcies.

Having a Critical Illness policy can pay you a lump sum of tax free money when an illness or health disaster strikes.