|
Critical Illness Insurance
Fifty years ago if a person had a heart attack, had a stroke, or was diagnosed with cancer, it was a essentially a death sentence. Back in those days, all one needed was a good life insurance policy to take care of their family.
We have made tremendous advances over the last 50 years in medical technology, and as a result we have increased our life expectancy. Today, it is now much more likely that a person will recover from a critical illness like a heart attack, stroke, or cancer, if they get the proper medical treatment.
There are some obstacles, though. What used to kill us now just makes us sick for a while, and require a long recovery period. Plus, not all health insurance policies cover the latest treatments and medical procedures. There is a solution to this problem: Critical illness insurance.
What is Critical Illness Insurance?
Critical illness insurance is medical insurance that pays a lump-sum benefit upon diagnosis of a critical illness or condition. A critical illness insurance payout helps you avoid the financial strain a major illness can create so you can focus on your recovery. It gives you the freedom to:
- Get the treatment you want
- Spend time with your family and friends
- Keep your home and other assets
Traditional health insurance is valuable, but often limiting. Because medical treatment is more advanced than ever, it's also more expensive. People today often experience financial hardship because of the medical expenses their health and disability insurance don't cover. Critical illness insurance could be a strong supplement to other health insurance. Determine if you need critical illness by learning what it pays for that other plans don't.
Because our critical illness insurance pays you a cash benefit upon diagnosis of a covered critical illness or condition, you choose how to spend it:
- Make payments on your mortgage
- Pay medical bills
- Hire help for around the house
- Take a family vacation
The purchase of critical illness insurance is a serious decision, with significant financial implications for you and your family. That is why it is always a good idea to use a professional insurance agent when purchasing critical illness insurance. The best choice is an insurance agent that has earned the professional designation, Chartered Life Underwriter.
|