CI insurance grows at record pace| Oct122010
Critical Illness Insurance is Growing in popularity worldwide
The pure fact that millions of cases of critical illnesses are plaguing the world over and the rest of the world is getting prepared for it, the United States is just catching on. Catching on like wild fire. That is the way that it is with something that is a plan for its time. Previously the plan may have been introduced years ago no one ran out yelling get insurance coverage. Most of the things that catch on quick are songs, entertainment, new liquor, a new drug, some catastrophic news like a brush fire miles long or a hurricane. Bankruptcies are the leading cause why we are needing a critical illness policy. If you dont want to lose all you’ve worked for all your life to an illness this is the way to protect yourself.
Enter the critical illness insurance policy…
You can get quotes for critical illness insurance but you should know that there are only a few main differances to watch out for.
A critical illness plan can cost very little unlike health insurance that costs sometimes more than a mortgage (see mortgage protection).
Cancer insurance and critical illness insurance are NOT the same.
one is self explanatory while the critical illness or critical care insurance covers the big “C” as well as heart attack and stroke for the most part this is universally the same.
You should know that only a few carriers such as Aflac have a cancer policy and then a specified disease policy. That is ok but in my opinion you should have the whole package instead of two seperate ones and you may not even know that you didnt have the coverage.
Critical illness insurance pays upon diagnosis yet find out how long since most pay in a few weeks some might not and have a waiting period called a survival period. I know how would you even know to ask? it could be 60 days but again most pay right away.
If you have a family you cant afford to be without critical illness health insurance. Some policies are on a life chassis meaning it doubles its persona to be covering you in case you die of something suddenly without it being a critical illness. IF however you did get a covered critical illness youd want the money while you’re alive in order to get to live or so that you can live without being financially in ruins wondering “Now what am I going to do…work til I die cause Ive lost everythign and im in debt?” or Do you live with your family extended that is and force the burden on them to take care of you. Not likely.
IF want to not wait and get a critical illness insurance quote check out www.CriticalillnessPolicies.com or go to eCancerinsurance.com if want cancer only insurance.