A critical illness rider is an optional add-on for your life insurance. It gives you a financial safety net if you’re diagnosed with a serious illness like cancer, stroke, or heart attack.
How it works:
- Additional Coverage: It adds extra protection to your existing policy.
- Tax-Free Payment: If you get diagnosed with a covered illness, you get a tax-free payout to use however you need.
- Different Terms: Some riders last for a set time, like 10 or 20 years, while others cover you for life.
Remember, the illnesses covered and the payout amount can vary depending on the insurance company and the rider you choose.
Have questions? Let’s chat! Our easyLife experts can help you understand your options and tailor your coverage to fit your needs.