How Critical Illness Insurance Coverage Can Work For You
Are you financially prepared for a Critical Illness? Unfortunately, most are not. Too many people discover that after a critical illness diagnosis their primary health insurance is inadequate, resulting in a large financial burden directly on your shoulders.
The main objective of Critical Illness insurance is to reduce financial stress. These policies pay cash benefits upon the diagnoses of a covered condition. This money can be used for anything. Whether it’s to pay for out-of-network medical costs, experimental treatment not covered by conventional health insurance or to pay your mortgage - you decide how to use the money, not the insurance company.
Broad Coverage for Critical Illnesses
- Alzheimer’s Disease
- Heart Attack
- Kidney Failure
- Blindness
- Cancer
- Major Organ Transplant
- Stroke
- HIV/AIDs
- Coma
- Paralysis
- Parkinson’s Disease
- Brain Tumor
- Coronary Artery Bypass
While we don’t consider Critical Illness insurance a replacement for your health insurance, it is an important supplemental benefit that can provide much needed financial relief and financial flexibility.
To learn more about Critical Illness insurance, give us a call today.
What is Critical Illness Insurance?
With health insurance costing more and delivering less these days most people today are experiencing a growing financial burden that they’re ultimately responsible for. As a result, the demand for supplemental health insurance products is growing and Critical Illness insurance is one of those products.
Invented by a Doctor, Not the Insurance Industry
Critical Illness insurance was invented by world renowned heart surgeon Dr. Marius Barnard. Dr. Barnard observed first-hand the detrimental financial impact his patients experienced following their treatment. Too many of them were putting their recovery at risk by forcing themselves back to work too soon just to pay the bills. Dr. Barnard felt this was wrong and that there should be an insurance product that could provide recovering patients a cash payment the moment an illness was diagnosed. His observations ultimately gave birth to modern Critical Illness insurance. Critical Illness insurance is a Limited Benefit Policy. It is not a comprehensive major medical plan or Medicare supplement policy.
Focus on Your Recovery, Not Your Bills
Critical Illness insurance is about reducing the emotional and financial stress associated with the diagnosis of and recovery from a critical illness. The purpose of this insurance is to help families narrow or even close this growing financial gap and focus on getting well and not wondering about how to pay the bills.
Critical Illness Insurance Is Simple
If you are diagnosed with a covered illness like Cancer, Heart Attack, Stroke or Alzheimer’s disease, Critical Illness insurance pays typically pays a lump sum. However, some policies may pay a monthly cash benefit. You have complete discretion on how to spend the money – it can be for out of network medical costs, experimental treatments or even to pay your mortgage. It can be for anything you decide. No bills or receipts are required and no strings attached. To learn more about Critical Illness insurance give us a call us today to schedule a free consultation. We’ll discuss the importance of adequate health care planning and how Critical Illness insurance can play a role in your own personal health care strategy.
Exploring Critical Illness Insurance
When you or a loved one is diagnosed with a serious illness, the last thing you want to worry about is how to cope financially.
Health insurance benefits and premiums have changed over the years. This can create an ever-widening financial gap for American families. Since far too many people fail to plan adequately for the financial impacts caused by a serious illness, Critical Illness insurance can become an important strategy to help close this growing financial exposure. That’s why you may want to explore Critical Illness Insurance today.
With advancements in modern medicine, people will continue to survive illnesses and diseases that at one time were fatal. The cost of survival can be expensive and often times goes well beyond the scope of common health insurance. The cash payouts from a Critical Illness insurance policy can provide valuable financial support when it’s needed most and with more people surviving serious illness and disease now more than ever, the need for more complete health care planning can be crucial.
Take the time to explore Critical Illness insurance and how this planning option can protect your family and can help ease financial concerns when you need it most.
Give us a call with your questions.
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