Critical illness insurance is needed if you are living paycheck to paycheck and have little or nothing in savings.
Most major medical policies will cover routine care for cancer but you have deductibles, copay's and coinsurance that can create several thousand dollars in out of pocket costs. Also you are likely to miss several days, weeks or even months without a paycheck if you are a wage earner.
Critical Illness Insurance is needed by those who have a high risk of developing a serious, life threatening illness. And it is needed by those who do not have money laid aside to tide them over and pay the additional expenses incurred if such an illness would strike them. The risk can come from heredity, smoking, obesity, or medical indications such as blood tests. However, even those for whom no risk factors seem to exist can find themselves stricken by cancer or other life threatening illnesses. Critical illness insurance provides funds in a lump sum to help people cope with that very trying time in their lives.
President | Founder, CLM Insurance Group, Delray Beach, FL
Critical illness insurance is vital to helping anyone that is struck with an unexpected critical illness to maintain their current lifestyle. The lump sum payouts directly to the insured afford the sick to be able to use the money to pay car notes, mortgages, household bills and other unexpected costs associated with the illness. Most critical illness' will leave you out of work and hurt or remove your ability to earn an income. In addition, the money can be used to cover out of pocket expenses your health insurance plan doesn't cover.
Critical illness insurance is an inexpensive way to hedge against the unforeseen.
.JPG){kind=avatar}
Most major medical policies will cover routine care for cancer but you have deductibles, copay's and coinsurance that can create several thousand dollars in out of pocket costs. Also you are likely to miss several days, weeks or even months without a paycheck if you are a wage earner.
Critical illness insurance is an inexpensive way to hedge against the unforeseen.
Find personalized quotes at: http://goo.gl/gsqRog