Every day as thousands of individuals are facing a serious critical illness, the last thing they need to worry about are their finances. They want the freedom to live their life their way, with the freedom to focus on what’s most important – their recovery.
Many individuals either have a family member or know someone who has suffered from a critical illness and know the hardships this can cause to their financial security. With the rising costs of healthcare, as well as health insurance, some are forced to beg, borrow or rob Peter to pay Paul to help cover their expenses.
Costs for a critical illness are not only about health treatments, there are many other costs associated with having a critical illness. One of the major solutions to these issues is a Critical Illness Policy. A Critical Illness policy will provide a lump sum payment to the insured, which can then be used to cover any number of financial expenses.
Top 5 Uses:
- Loss of income – If an individual does not have disability insurance (another policy that should be purchased) then a lump sum payment could help.
- Deductible and out of pocket expenses associated with a health insurance policy.
- Experimental treatments – Most health insurance policies do not cover treatments that are considered experimental.
- Travel – In some cases treatment is needed away from home. Health insurance does not cover the expense of travel to and from where treatment is being provided, nor does it cover any hotels or miscellaneous expenses related to care away from home.
- Rest – After the stress of going through a critical illness it may be beneficial to actually take a vacation to help recover mentally and physically.
Every individual should look at obtaining a Critical Illness plan. Most are very affordable, with benefits ranging from as low as $2,000 to as high as $500,000. Many plans offer multiple categories for payouts.
Sample Rates: $10,000 in coverage Nontobacco
A35 – $11.20 mo., A45 – $20.01 mo., A55 – $31.38 mo. (Rates are based on state and product availability)
For additional information call or Email Tonia: 800-533-5969 – Tonia@DiversifedIns.com