What Is The Difference Between Life Insurance And Critical Illness? 
Life insurance is a mortality insurance product . Critical illness insurance is a morbidity insurance product . Life insurance pays a death claim in the event of the demise of the policy insured and critical illness pays a stated amount for a major sickness . There are life insurance policies that offer critical illness riders -LRB- and other riders -RRB- , some of which are embedded free of charge and some that are additional costs to the policy owner . 