Critical Illness & Cancer Insurance
Why Critical Illness Insurance?
Health insurance will pay your core major medical costs but there can be multiple costs that aren't covered. Worrying about these financial issues will not help your mindset during an emotionally and physically difficult fight for your health. Critical Illness or Cancer Insurance can help you deal with:
- PERSONAL LOST WAGES
- SPOUSAL LOST WAGES
- HOME ADAPTATIONS/MODIFICATIONS
- TRAVEL TO OUT-OF-STATE FACILITIES FOR TREATMENT
- ALTERNATIVE MEDICAL TREATMENTS
- REHABILITATIVE CARE
- DAYCARE
Critical Illness insurance pays you a lump-sum benefit when you suffer from specific conditions or illnesses, as outlined in the policy. You can use these funds for whatever purpose you desire, even completing your personal "Bucket List". Common benefit triggers include:
- ALZHEIMER'S DISEASE
- INVASIVE CANCER
- HEART ATTACK
- STROKE
- COMA
- CORONARY ARTERY BYPASS
- IN SITU CANCER
- SEVERE BURNS
- PARALYSIS
- LOSS OF SIGHT, SPEECH, OR HEARING
- MAJOR ORGAN TRANSPLANT
If you have a genetic predisposition, are exposed to hazardous elements, live a high-stress lifestyle, or simply are concerned about the odds...
FILL OUT THE FORM BELOW TO GET A QUOTE!
Cancer Insurance
There are sub-sets of critical illness insurance that will cover specific illnesses, the most dominant one being Cancer Insurance. You can also look for Heart Attack and/or Stroke Insurance.
We'll be happy to help you find the right coverage for you.
SAMPLE CARRIERS
INFORMATIVE STATISTICS ABOUT CRITICAL ILLNESS
More than 60% of U.S. bankruptcies in 2007 were attributed to medical bills. More than 75% of these families had health insurance.
Source:
Medical Bankruptcy in the United States, 2007: Results of National Study; American Journal of Medicine, August 2009
About 6.4 million stroke survivors were alive in 2006, many of them with permanent stroke-related disabilities.
American Heart Association, Heart Disease and Stroke Statistics – 2010 Update
In 2009, more than 1.4 million Americans were expected to be diagnosed with cancer this year — and 66 percent are expected to survive at least five years
American Cancer Society, Cancer Facts & Figures, 2009
This estimate does not include carcinoma in situ of any site except urinary and bladder, and does not include basal and squamous cell skin cancers.
POSSIBLE POLICY FEATURES
Multiple Benefit Payouts:
Some policies will pay out multiple times for different suffered conditions. This may be available as an add-on rider to the base policy.
Return of Premium Death Benefit:
Some policies may return all premium money paid into the policy (less any benefits paid out) if you die while the policy is in force.
Waiting Periods:
Policies may have different waiting periods for different conditions, make sure to check the policy details.
Simplified vs. Medical Underwriting:
Some policies are easily issued based on a set of questions to ascertain your health risk. Typically, policies under X amount of dollars are "simplified" issue. In these cases, the insurer may check your prescription drug records and data from the Medical Information Bureau. For larger policies, the insurer may use full medical underwriting which will often include conducting a blood test screening, urinalysis, and could require your doctor(s) to provide Attending Physician Statements.
Employer Group vs Individual Coverage:
Generally speaking, individual coverage may be more cost-effective than employer group coverage because the group may be rated for a middle-of-the road health status. As a healthy individual, you could possibly qualify for better rates.
Age Limits:
Most policies either reduce coverage around ages 65 - 70 or terminate coverage. Make sure to ask about future coverage on the policy that you are examining.
Some policies will pay out multiple times for different suffered conditions. This may be available as an add-on rider to the base policy.
Return of Premium Death Benefit:
Some policies may return all premium money paid into the policy (less any benefits paid out) if you die while the policy is in force.
Waiting Periods:
Policies may have different waiting periods for different conditions, make sure to check the policy details.
Simplified vs. Medical Underwriting:
Some policies are easily issued based on a set of questions to ascertain your health risk. Typically, policies under X amount of dollars are "simplified" issue. In these cases, the insurer may check your prescription drug records and data from the Medical Information Bureau. For larger policies, the insurer may use full medical underwriting which will often include conducting a blood test screening, urinalysis, and could require your doctor(s) to provide Attending Physician Statements.
Employer Group vs Individual Coverage:
Generally speaking, individual coverage may be more cost-effective than employer group coverage because the group may be rated for a middle-of-the road health status. As a healthy individual, you could possibly qualify for better rates.
Age Limits:
Most policies either reduce coverage around ages 65 - 70 or terminate coverage. Make sure to ask about future coverage on the policy that you are examining.
CRITICAL ILLNESS QUOTE REQUEST