What Is The Difference Between Critical Illness Insurance And Income Protection Insurance? 
Income protection , or long term disability insurance usually is designed to pay a monthly benefit to replace the income lost when someone becomes too sick or injured to work . Critical illness pays a lump sum cash benefit to cover the immediate costs associated with a major illness . Disability insurance is designed to prevent loss of income from not working while critical illness is designed to handle only short term major cash needs to address the medical emergency . 