Adequate coverage for critical illness

An insurance adviser said that the coverage for critical illness should be adequate to cover the cost of treatment and the loss of earnings.

I know of many cases of critical illness claims, where the claimant was able to continue to work, after the illness had been treated.

If the critical illness results in death, a claim can be made under an ordinary life insurance policy (which is less costly).

My preference is for the critical illness policy to cover the cost of treatment and not to include the potential loss of earnings. This allows more of the savings to be used to earn a higher rate of return in other low-cost investment products.