Critical Illness Insurance
It used to be called Cancer Insurance. Today, the policies cover many more conditions and can be of tremendous importance to your financial security. Here's why
Every 45 seconds someone in the USA has a stroke
The average age a critical illness strikes is 43
1 in 4 men and women have a cardiovascular disease
Nearly 1/2 of all men and 1/3 of all women are at risk of developing cancer
Every 30 seconds someone in the USA will suffer a coronary event
Health Insurance pays the direct cost for much of the medically-related expense of a critical illness up to a maximum and often with a substantial co-payment requirement, It does nothing, however, to help you through the other financial strains of dealing with a life-threatening disease. And this is where Critical Illness Insurance comes in with cash for you to spend as you need.
Disability Income Insurance covers a portion of lost wages that can result from a critical illness.
Life Insurance will help if the illness proves fatal. But financial ruin can result if the costs associated with the critical illness exceed your personal resources. Consider this - a liver transplant costs at least $350,000 - just for the operation! Do you have enough for the co-payment, travel, housing, meals and all your normal expenses as well?