What type of supplemental coverage might provide financial support in case of a serious health condition?

Critical illness coverage is specifically designed to provide financial support in the event that the insured is diagnosed with a serious health condition, such as cancer, heart attack, or stroke. This type of insurance typically pays out a lump sum benefit directly to the policyholder upon diagnosis, which they can use to cover various expenses such as medical bills, lost income, or other related costs that may arise due to the health condition.

By contrast, cosmetic procedure coverage primarily focuses on elective surgeries that enhance appearance, rather than treating serious health issues. Pet insurance coverage relates to the health of pets and does not provide any support for human health conditions. Travel insurance coverage addresses risks associated with traveling, such as trip cancellations or lost baggage, but does not offer financial assistance for serious health conditions. Thus, critical illness coverage is uniquely suited to provide the financial security needed during challenging health events.