What Is A Critical Illness Insurance Policy? 
There are stand alone policies that are for specific conditions offered by a few companies such as Niel mentioned above . Indemnification policies like Aflac 's Cancer and Catastrophic Illness policies , which are basically supplemental policies that pay cash tot eh policy holder . Then there are Critical Illness and Long Term Care riders that can be added to a life insurance policy that will pay up to 75 % or 90 % of the death benefit in advance in the case of critical illness . 