Critical Illness Insurance

This is not a time to worry about finances

It’s difficult to anticipate the extra expenses a serious illness may bring, but you can be smart and more prepared with critical illness insurance.

What is critical illness insurance?

Critical illness insurance provides a lump sum cash payment to you if you are diagnosed with a condition covered under the policy.

Most critical illness insurance allows you to use the money however you wish and some allow you to enroll for coverage for your dependents, too.

How critical illness insurance works



Isaiah is undergoing exhaustive chemotherapy for cancer.


Luckily, Isaiah’s medical insurance pays a large portion of his treatment costs.


Soon, other expenses begin to surface: Some of his medications aren’t covered under his policy, his special diet requires pricey ingredients and he would like to try a holistic therapy his policy won’t cover.

Thank goodness.

Because Isaiah has critical illness insurance, he receives a lump sum and uses it to help pay for medications that aren't covered, lifestyle changes and holistic therapy.

What critical illness insurance covers

Conditions covered under typical critical illness insurance can include:

  • Cancer
  • Heart attack
  • Stroke
  • Major organ failure

Other conditions may be covered and certain limitations can apply. Be sure to read any policy thoroughly prior to enrolling.

Why critical illness insurance makes sense

Every day, 4,000 American men and women are diagnosed with cancer. Over 2,000 suffer a heart attack, and 2,000 are hospitalized due to a stroke.1

Critical illnesses are expensive. When the average cost of surgery or chemotherapy for cancer is $123,000,2 it’s easy to understand how unpaid medical bills can threaten a family’s financial future.

While you can’t prevent a critical illness in your family, you can help protect your finances with additional, affordable coverage.

1. The American Heart Association, 2013

2. The American Journal of Medicine, “Medical Bankruptcy in the United States,” David U. Himmelstein Deborah Thorne, Elizabeth Warren, Steffie Woolhandler, 2009.

This is a limited benefit product. Critical illness insurance has exclusions, limitations, reduction of benefits and terms under which the policy may be continued in force or discontinued. For costs and complete details of the coverage, contact Securian Financial Group. Product availability and features may vary by state.

DOFU 5-2017