Critical Illness Insurance

The Coverage Clients Can't Afford to Live Without!

What is Critical Illness insurance?

Critical Illness insurance provides financial protection when a major illness occurs and a person is unable to work and earn an income. This medical insurance helps cover medical expenses that are typically not covered by other insurance policies. Paid in lump sums, Critical Illness insurance gives clients the freedom to use the money where it is needed most - from medical bills to the mortgage.
This coverage comes into play as traditional health insurance leaves consumers with more and more gaps in their coverage. As a result of high deductibles, coinsurance and limited coverage on nontraditional treatments, individuals may incur large medical bills that are not covered by their traditional insurance policy.

Critical Illness insurance works by paying for expenses that result from a long-term recovery from a covered illness. It does not pay for each medical bill, but instead provides a payment that can be used toward any condition listed on the policy.

Who is Critical Illness insurance best suited for?

Critical Illness is best suited for:
Spouses of high wage earners - if a doctor, lawyer or executive has to spend time away from work to care for a sick spouse, the business suffers. If the spouse has critical illness coverage, the family can immediately afford to hire in-home care, a nanny or other service providers to keep the home running smoothly.Self employed clients and other high wage earners who have capped out their DI limits.People in high-risk jobs often do not qualify for disability insurance. However, those occupations - such as firefighters, long-haul truck drivers or police officers – may qualify for critical illness insurance.Anyone who is concerned about not having an adequate income to absorb the critical illness costs not covered by traditional insurance.