A critical illness insurance pays a lump sum benefit to you uponthe firstdiagnosis of the following :
• Major Organ Transplant
• Heart Attack
• Total Loss of Eyesight
• Total Loss of Hearing
• End Stage Renal Failure
What is your risk?
The statistics are clear: people are living longer, and as they do, they are more likely to experience a critical illness. According to the American Heart Association*:
• Nearly 86 million Americans are living with some form of cardiovascular disease or the aftereffects of stroke.
• Costs of stroke and cardiovascular disease total more than $320 billion.
• Heart disease strikes someone in the U.S. every 43 seconds.
• Someone in the U.S. has a stroke about once every 40 seconds.
How Much Cash Can I Receive ?
Critical Illness benefits can range from $10,000 to as much as $1 million as lump sum payment when the individual is diagnosed with a covered condition.
Some policies will actually provide multiple cash payments. For instance, if you have cancer and survive; you get a cash payment. Two years later, you have a heart attack; you get another another payment. This varies depending on the carrier/policy insurer.
Critical Illness Insurance Benefits Can Be Used For:
To pay for medical treatments not covered by your health plan.
To pay your mortgage while you are recovering.
To pay bills – from car payments to insurance premiums.To pay for travel for treatments not available locally.
To pay for experimental treatments (not covered).
To replace a spouse’s income while caring for the insured.
Contact us to learn more about critical illness coverage.