Critical Illness will generally pay a lump sum if you suffer from a triggering illness. Serious injuries or major diseases are typically included. You also do not have to be disabled to collect it and you do not have to be employed to collect it either.
The cost of cancer is hard to predict. A lump sum policy provides a cash benefit to help cover medical expenses if you are diagnosed with cancer, helping to ease financial issues while you focus on getting well.
Cancer is the #1 reason for claims made by individuals with critical illness insurance.
This year about 1.2 million Americans will suffer a heart attack and 60% will survive.
This year about 1.2 million Americans will suffer a heart attack and 60% will survive.This year about 700,000 Americans will experience a stroke and 70% will survive.
42% of all personal bankruptcies are a result of a medical expense.