What Is A Critical Illness Insurance Policy? 
A critical illness policy pays cash directly to you if you are diagnosed with one of the illnesses listed in the policy . Illnesses generally include heart attack , cancer , stroke and others . The cash is yours to spend however you wish . You can pay your rent or mortgage , your Visa bill , your car payment , etc. while you 're recovering . Perhaps it will replace lost income . You can also pay your deductible and other out-of-pocket expenses if you wish . You could even use it to go to Disneyland - it 's YOUR money ! So while your health insurance is paying the doctors and hospitals , the critical illness policy is paying YOU . 