Critical Illness Insurance
Medical bills are the #1 cause of bankruptcy in America, with about 66.5% of bankruptcies directly caused by medical expenses—a category that includes large, sudden expenses for critical illnesses such as cancer, heart attacks, and strokes
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Cancer
Have any of your family members been diagnosed with cancer? About 40% of Americans will develop cancer at some point in their lifetime.
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Heart Attack
The lifetime risk of developing coronary heart disease (which often leads to heart attacks) is about 48.6% for men and 31.7% for women starting at age 40.
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Stroke
Stroke comes on without warning. On average, someone in the US has a stroke every 40 seconds. Nearly 1 in 5 Americans will suffer a stroke in their lifetime
Critical Illness insurance is a supplement that pays you a cash benefit if you are diagnosed with cancer, heart attack, or stroke. This coverage provides a vital financial safety net, helping individuals and families manage the substantial costs associated with these severe illnesses.
Standard health insurance pays the actual medical expenses (doctor visits, hospitalizations, surgeries, prescriptions) directly to healthcare providers or reimburses you for covered bills. In contrast, critical illness insurance provides a lump-sum cash payout directly to you upon diagnosis of a specified serious illness, regardless of actual medical costs
Benefits
Critical Illness supplement is a modest cost to protect your family from financial burdens that can add up quickly.
- Tax-Free Lump Sum Payouts
- Protects you from debt & bankruptcy
- Plans available with payout for disability