Why Critical Illness Coverage
As
medical technologies and treatments improve, more people are able to survive
critical illnesses yet the rate of consumer debt has also risen. A Critical
Illness policy pays a lump sum benefit upon the diagnosis of a covered
serious illness. In addition, it can help meet the mounting debts that often
occur during and after a serious illness. Some examples of a serious illness
are Heart Attack, Stroke, Multiple Sclerosis, and Alzheimer's Disease. Some
critical illness policies have portable benefits and no reduction of
benefits after insured reaches a certain age. In addition, equal benefit
amounts are available for each family member when the employees buy family
coverage. Critical Illness insurance may be right for you if your family is
caring for children or aging parents, you are a professional in an industry
where disability coverage is unavailable or unaffordable, or if you are
otherwise worried about your finances being able to survive a critical
illness.
