There are now variations in the types of critical illness policies that individuals can purchase, and variations in how those products are developed. This article, published by the Society of Actuaries, provides a high-level introduction to the complex world of critical illness coverage. The market has evolved over the last four decades, and recent years have brought several benefit innovations. The pressure for innovation is high, particularly in the group market, In the article, we discuss: 

• Critical illness 101
• Agent-sold individual policies
• Worksite-sold individual policies
• Worksite-sold group policies

Read the full article here.