How Much Critical Illness Insurance Do I Need? 
Critical Illness Insurance pays a lump sum benefit if the insured person is diagnosed with a life threatening illness such as stroke , advanced cancer , Alzheimer 's , organ transplant , coronary bypass , and others . Each policy has different criteria , and some pay out reduced amounts for illnesses that are not as advanced . It is difficult to anticipate what benefit is needed before the event would actually occur , and seems more like a personal preference . 