Is Critical Illness Insurance A Waste Of Money? 
If you purchase Critical Illness Insurance and then never suffer a life threatening illness of the type that would cause a benefit to be paid by the policy , you probably would look at the policy as a waste of money -LRB- unless it was such a comfort to you to know those funds were there , that it was worth the premium for that peace of mind -RRB- . If you did collect on the policy , you would not feel it was a waste of money . It is very hard to answer that without knowing the future . But that is the nature of all insurance . It is protection against the unknown and the `` what if 's '' of life . 