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Critical Illness Insurance Calculator

Estimate critical illness insurance premiums for coverage against cancer, heart attack, and stroke.

Monthly Premium
$90
Annual Premium
$1,080
Lump Sum Payout
$50,000
Total Premiums Paid
$21,600

Critical Illness Insurance Calculator: Estimate Your Premium

Critical illness insurance pays a lump sum if you are diagnosed with a covered condition such as cancer, heart attack, or stroke. This money can be used for any purpose including medical bills, living expenses, or debt.

This calculator estimates your premium based on coverage amount, age, smoking status, and term length. Younger, healthier applicants pay significantly less.

One in three people will be diagnosed with cancer in their lifetime. Heart disease is the leading cause of death globally. Critical illness insurance provides a financial safety net during recovery.

For related tools, see our life insurance calculator and health insurance calculator.

FAQ

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FAQ

What conditions are covered?+
Most policies cover cancer, heart attack, stroke, organ transplant, coronary bypass, and kidney failure. Some also cover MS, blindness, and paralysis.
How is it different from health insurance?+
Critical illness pays a lump sum directly to you regardless of actual medical costs. Health insurance pays providers for specific medical services.
When should I buy it?+
The earlier the better. Premiums increase significantly with age, and pre-existing conditions may disqualify you.
How much coverage do I need?+
Financial advisors recommend 3-5x your annual income or enough to cover 1-2 years of expenses while recovering.

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