Critical Illness Policies Gain Attention

Critical illness policies offer one way of filling gaps in medical coverage, and insurers say sales are starting to rise as weaknesses in the health care system get more attention... The policies have gaps of their own, and lots of critics. Still, the financial cushion they promise may be attractive for people with lots of income or assets at risk in a medical catastrophe... Critical illness policies offer lump-sum payments ranging from $5,000 to $500,000 upon the diagnosis of a serious illness or life-threatening condition...

WSJ: Critical Illness Policies Gain Attention (Subscription required)