Does Critical Illness Insurance Make Sense? 
Absolutely ! Critical illness insurance is paid in lump sum payments from anywhere between 10 and 500 thousand dollars . While most medical plans cover hospital and medical expenses , it does not cover things such as medical co-pays , transportation to treatment centers , bills , etc. . The lump sum payment allows a person to use the money where its needed most , whether its for medical bills or regular bills . About 20 major illnesses are covered and its perfect for high-risk jobs , non-working spouses and the self-employed -LRB- all people who might have a hard time getting disability insurance -RRB- . 