Is Critical Illness Insurance Worthwhile?
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63333 POINTSview profilePeggy MaceMost of the U.S.If you are related to someone with a health history involving stroke, heart attack, cancer, Alzheimer's, or other illnesses covered by a particular critical illness policy, the policy will be more worthwhile to you than to someone who is not related to someone with any of those maladies. That is because: 1) you have seen firsthand how those illnesses can impact a family financially, and 2) you may have a genetic predisposition to those health conditions. Critical illness insurance could be worthwhile for the peace of mind it gives you, as well as the increased chance of paying you a benefit when you need it most.Answered on July 28, 2013flag this answer
10968 POINTSview profileTim WilhoitOwner, Your Friend 4 Life, Brentwood TNCritical Illness policies can be looked at 2 different ways. One as long as you purchase a Critical Illness that covers 10 or more afflictions at a reasonable price that cannot be cancelled before age 65, that can be good. Second, its category of insurance sales is among the lowest. Even though 67% of Americans will be diagnosed with a critical illness and survive it, very few own this type of policy.Answered on January 2, 2015flag this answer
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