Critical Illness insurance is a simple, relatively obscure form of insurance. It has been around for ages, most often found as part of a company benefits package such as a cafeteria plan. This type of insurance typically pays a lump sum if the insured suffers a covered medical condition such as a heart attack, stroke, cancer, kidney failure, etc. The benefits may be used by the insured to cover outstanding costs that are not covered by their medical insurance, such as deductibles, coinsurance or copayments. The benefits may also be used to pay for household expenses should the insured be unable to work.

QuickQuote has partnered with American General Life Insurance Company to offer Critical Illness insurance policies to approved life insurance applicants. American General will issue up to $50,000 in coverage while waiving the full application process and medical screening. To be eligible for this offer, you must first be approved for a term life insurance policy at a rating class of Preferred or better, with a face amount of at least $250,000.