Tuesday, June 18, 2013

Is Critical Illness Insurance Critical to Purchase?

Could this be you?...
Every 25 seconds someone in the U.S. will suffer from a coronary event, and about every minute someone will die from one.

Every 21 seconds someone in the U.S. is diagnosed with cancer.

Every 40 seconds someone in the U.S. is having a stroke.

These statistics show that people are experiencing major health events, but they are surviving more than dying from those health problems. Critical illness insurance lets you receive a lump-sum benefit upon the first confirmed diagnosis of a covered illness or medical procedure. The cash benefit is paid directly to you - to use any way you choose.

Just think for a moment...what would happen if you are the bread winner of your family and suffer a heart attack? If you needed time to recover from work and were self-employed, there may not be any or little income coming in. Do you have enough savings to cover this from being financially devasting? The benefit could pay for your mortgage, hotels while you travel for treatment, medical co-pays and other bills.

Critical Illness insurance was created by a physician that assisted in the first heart transplant. He discovered that people were not able to recover well from these events because they were stressed about their financial situation.

You should review this coverage and ask if it can possibly benefit you. Do you know someone that has suffered from cancer, heartattack, stroke, alzheimers or other major diseases? Do not let this happen to you unprotected.

There is a simplified insurance plan available with a benefit up to $50,000. Click here to run a quick illustration and see how affordable this coverage can be.

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