A Critical Illness is a sickness that can be fatal and requires medical intervention. With a Critical Illness supplemental plan, insurance companies have found a way to provide a plan specifically designed to cater to individuals that may fall victim to several fatal illnesses such as heart attack, stroke, and certain forms of cancer.
With a Critical Illness policy, someone with a family history of cancer or heart disease can take control of their future and breathe easy knowing that they are prepared for what may be considered inevitable.
I know what you’re thinking, “I have major medical Insurance, I don’t need critical Illness coverage.â€. Major-medical insurance will cover a good majority of your medical bills, but sometimes that is just not enough. For example, when diagnosed with an illness like breast cancer, the average total cost for treatments can go as high as $180,000 for a stage 4 diagnosis.
With a cancer diagnosis, you and your family may be going through a lot, then to add such a hefty bill to the mix would be just too much for a lot of people. A supplemental plan such as Critical Illness, can provide you with a lump sum benefit paid directly to you. This benefit can cut your out-of-pocket cost by thousands of dollars and give you and your family the peace of mind that you will need to go through such a heavy time.
Critical Illness policies can come with other benefits such as death benefits where a lump sum is paid to the beneficiary or the estate. Some policies may have a health screening benefit or rider which can be a big help for when the insured needs to have annual checkups for blood work, stress tests, female wellness exams, and many more.
Take your health into your own hands. With a critical Illness policy among other supplemental policies, you can protect your income and your family’s financial future. Speak to a Worksite Innovations agent today.
- “Critical Illness Insurance | Aflac.” https://www.aflac.com/individuals/products/critical-illness-insurance.aspx, Accessed 1 Jan. 1970.
- “How Much Does Breast Cancer Treatment Cost?.” https://www.webmd.com/breast-cancer/breast-cancer-costs#:~:text=Specifically%3A%201%20For%20women%20diagnosed%20with%20stage%200,IV%20%28affecting%20other%20parts%20of%20the%20body%29%2C%20%2489%2C463-%24182%2C655, Accessed 1 Jan. 1970.
