CRITICAL ILLNESS

Critical illnesses cause financial devastation to millions of  individuals and families (even those with health insurance).  A product  was created that would provide cash at a time it was needed most. Illnesses that are covered by critical illness insurance policies. The three primary are; 1) Cancer 2) Heart Attack 3) Stroke

In addition to covering  the three primary categories of cancer, heart attack and stroke the following conditions may also be covered with your policy: 

• Heart transplant 
• Coronary bypass surgery
• Angioplasty
• Kidney (Renal) failure 
• Major Organ Transplant
• Paralysis 
• Blindness
• Deafness
• Loss of Limbs
• Major Burns
• Advanced Alzheimer's Disease

Critical Illness policies are an indemnity product which means you receive funds directly from the insurance company to cover your medical expenses. Expensive that this policy can help cover include:

Cash to pay for medical treatments not covered by your health plan. 

Cash to pay your mortgage while you are recovering. 

Cash to pay bills - from car payments to insurance premiums. 

Cash so you can travel for treatments not available locally. 

Cash to pay for experimental treatments (not covered). 

Cash to replace a spouse's income while caring for the insured.

The impact of having Critical Illness is alarming, the average lifetime cost relating to having a stroke is estimated to be $140,000. Heart Disease is increasing at a troubling pace within the United States; Costs are expect to double from fifty-five billion dollars to over a trillion dollars by 2035. It's estimated that 60% of all bankruptcies in the United States occur from medical expenses and roughly 80% of bankrupted patients had health insurance in place  but it didn't cover enough to save them from the massive exposure of a critical illness. Statistics show that the average retiree retires with $163,000 and that roughly 42% of Americans are broke at the age of retirement. 

Planning for your future medical needs is just as important as planning for your future retirement goals.