Critical Care Insurance
Colorado Bankers Life
Featuring Carrier: Colorado Bankers Life
Plan: Lifestyle Protector and Timber Ridge Series
What is their Critical Illness Insurance Policy?
The LifeStyle Protector is Insurance that pays you the face amount of the policy when diagnosed with a covered critical illness and also act as a Term Life Insurance component if you pass from no critical illness, but more importantly this double protection pays you the same amount if you suffer a critical illness and live and that’s the real goal. To have money to live…wouldn’t you agree?
One hundred percent (100%) of the face amount is payable from the first diagnosis for a life threatening cancer, Heart Attack, Stroke, Kidney Failure, even a Major Organ Transplant, anything terminal or Death. Other conditions but, need to consult state listings to find out. Such conditions would be major burns or paralysis, loss of independent living even god forbid…loss of limbs. The Policy offered through Colorado Bankers Life is one of if not the best CI insurance policy in the industry since premiums are locked in for at least a decade and will therefore not go up. In addition it is one of the few that has a dual or two fold way to payout.
Ask yourself, “Do I need Critical Illness Insurance?”
Nearly every person knows another who has suffered through a Critical Illness, and survived hopefully. Be it a co-worker, friend, family member or other, critical illness insurance is designed specifically in assisting individuals through the hard financial expenses medical or non medical associated with their or your survival. If you have responsibilities such as these like most do since we never know when it could strike, we think you’ll also agree YES I’m in need of this policy “Critical illness insurance”
Statistically your almost more likely to have a diagnosis than not and cancer is at the top of the list and on the rise. Heart attacks are a leading killer among adults as well and financially it is killer as well, causing bankruptcies or over half of all bankruptcies being due to medical.
Why do I need a LifeStyle Protector Policy?
You are asked every year to satisfy more of your medical insurance costs, and raise your deductibles in order to just keep the sky rocketing costs down on individual as well as group insurance.
Most Disability insurance policies typically only cover you 60% of your salary.
No one typically carries a fund for critical illnesses; often thinking they are secure since they have major medical is a shear disappointment and an experience too late to learn. Most bills associated with cancer are non medical, and, if have a business you’ll need this protection to make sure you still will have a business to come back to or for employees which may be tax deductible. Either way unless you have money in the bank you need coverage. If you do have tens of thousands in the bank but could have gotten coverage for a few dollars a month instead of blowing retirement funds would you?
Hindsight is 20/20 –Bottom line…get your ci insurance you can’t afford not to. Don’t wait till it’s too late.
The LifeStyle Protector was designed to help alleviate the strain and stress of the financial burden that would befall you be it the bread winner and out of work or income replacement or just covering the added expenses without making things worse like going into debt or wiping out your assets. Traditional Health Insurance isn’t enough. Find out how affordable a policy is.
Who is Colorado Bankers Life Insurance Company?
Dearborn National under its’ umbrella with an A+ rating sits Colorado Bankers Life one of two life insurance & financial service companies subsidiaries of Health Care Service Corporation (HCSC), a Mutual Legal Reserve Company and one of the nation’s premiere health insurance carriers insuring more than 10,000,000 people in the U.S.
What can I use the money for?
Well, since it is paid to you directly it is not monitored or stated in any particular way that you need to spend the funds once released to you.
This policy can provide funds for:
- Replacing income when out of work
- Mortgage payments or rent
- High deductibles and or co-insurance
- Continued Vehicle payments
- Credit card payments
- Non-covered clinical trials or experimental treatments
- Home health care not covered under major medical
- Continued bills such as utilities and everyday expenses
- Maintaining a business as well as affordable coverage for employees
- Keeping the existing (family’s) quality of life
- Housekeeping or childcare expenses or continuing the college tuition for kids
Survival statistics from the last 20 years
- Between the years 1993-2003, the death rate declined approximately 30.2% for heart attacks and almost 18.5% for strokes. (American Heart Association, Heart Disease and Stroke Statistics, 2006)
- Over 4,000,000 stroke survivors are alive today. American Heart Association, Heart and Stroke Statistical update, 2002)
- The possibility of surviving a critical illness before age 65 is almost twice as great as dying. (National Center for Health Statistics)
If a Check would be better Than a Get Well Card, you owe it yourself to get a critical illness insurance quote today…you’ll be glad you did!