Accident coverage
May pay scheduled benefits for covered accidental injuries and related services. Review covered events, benefit schedules, exclusions, and coordination with other coverage.
Hospital indemnity
May pay set benefits tied to covered admissions, confinement, or services. Ask how pregnancy, pre-existing conditions, observation status, and waiting periods are treated.
Critical illness
May pay a lump sum after a covered diagnosis that meets the policy definition. Review recurrence rules, survival periods, exclusions, and the exact covered conditions.
Dental and vision
Often use networks, annual maximums, waiting periods, service categories, and frequency limits. Compare expected use against premiums and out-of-pocket pricing.
Disability and income protection
Income-replacement products require careful review of benefit amount, waiting period, duration, occupation definition, exclusions, and coordination with employer or government benefits.
Questions to ask before buying
- What exact event triggers a benefit?
- Is the payment fixed or tied to actual expenses?
- What exclusions, waiting periods, and limits apply?
- Can the premium change, and is the coverage portable?
- Would a larger emergency reserve solve the same problem more flexibly?