What Is Critical Illness Life Insurance? 
Critical Illness Insurance is a policy that will pay you a lump sum of money if you are diagnosed with a serious health condition . Some of the conditions that may be covered are stroke , advanced cancer , heart attack , MS , and Alzheimer 's . Some life insurance policies with living benefits will allow you to take out some of the death benefit in cash , so that you can combine your life insurance and critical insurance into one policy . 