Based on data gathered during 2005-2007, 40.77% of men and women born today will experience some form of cancer in their lifetime according to SEER Cancer Statistics Review and National Cancer Health Statistics. In 2007, there were 10.6 million motor vehicle accidents recorded by the U.S. Census Bureau. It was estimated by the American Heart Association that in 2006 81,100,000 people had some form of cardiovascular disease including stroke, heart attack, and heart failure. Many of these prevalent health problems will require critical care. Many of these issues have a high mortality rate. This means that some patients will require end-of-life care which compounds upon the cost of critical care. Are you ready to pay for end-of-life care? How much debt would you leave behind for your family to pay for?

Research shows that end-of-life care, or palliative care, can cost about $10,000 per day or more. If you add that to any previous critical care and you would be looking at a very large stack of medical bills that quickly multiply. Those costs only account for your medical care. What do you do about your personal debt, monthly household bills, and providing for your family? Since this is a matter of mortality, funeral costs also weigh into the equation. An average funeral can cost around $6500. What costs would you be leaving behind for your family to take care of?

You may have excellent health insurance coverage and you may have saved plenty of money for emergencies. Perhaps you even have life insurance. Then again, maybe you don’t. In any case, the costs are so high that you and your family will still have many unpaid bills. Critical illness insurance coverage provides that financial security you and your family need. Critical illness insurance pays you a lump sum benefit as soon as you are diagnosed with a critical illness. There are no limitations on how the money can be spent, so you are free to take care of any financial burdens you have or that you would leave behind. You and your family will be well taken care of even in the hardest times.

With the many costs of living, staying healthy, and sadly, even passing, it is wise to invest in you and your family’s future. Finances may get tight and you may even lose health care coverage. Some insurance companies would not cover the total cost of the care you would need. Many life insurance payouts cannot cover the vast bills left behind. These are important things to keep in mind when you plan for your future. Make critical illness insurance a part of your plan. You can live your life peacefully knowing that you have covered your health care and protected your family’s financial independence. Be secure in knowing that when you pass, you leave your loved ones only happy memories and love in their hearts.