Critical Illness Insurance
Get a lump sum benefit when you need it most. You can use it to pay your health insurance deductible or expenses related to missing work.
Scroll down to learn more and get prices.
If you were diagnosed with cancer, would you rather get a get-well card or a check for $10,000?
Critical illnesses and similar medical events are really expensive. Sadly, they send many people into bankruptcy – even people who have health insurance. In fact, 68% of people who file medical bankruptcy had health insurance.
The Critical Illness Problem
Beyond the obvious problem, if you get that dreaded diagnosis, you’ll have a lot of expenses.
To begin, you’ll have to pay the deductible and out-of-pocket expenses in your health insurance plan (usually thousands of dollars). And these payments don’t cover related expenses – you might have to travel somewhere to receive care or you might opt for experimental treatments that your insurance doesn’t cover.
You’ll almost certainly have to miss a significant amount of work. Most people don’t think about that.
When you have a life-threatening medical crisis, you certainly don’t need this kind of significant financial stress in your life!
The Solution: Critical Illness Insurance
A critical illness insurance plan provides you with a lump sum of cash if you’re diagnosed with a critical illness like cancer. It also will pay benefits if you have a heart attack or stroke.
You can get benefits from $20,000 – $50,000. That money can be used to help you pay your deductible and out-of-pocket expenses on your health insurance plan, and to cover other expenses related to missing work or whatever. You can do with it what you want.
An Added Bonus
Your critical illness policy will pay the benefit to your designated beneficiary if you die. So if, heaven forbid, you have a heart attack that kills you, the policy is basically a term life insurance benefit. And if you survive, of course, then you’ll have the money to help meet your short-term financial needs.
If you’d like to learn more, we invite you to contact AC Forrest today:
Bundle for Savings
You can combine a smaller amount of critical illness insurance with accident insurance in one “Gap Plan.” This is a very popular option for people with high deductibles or out-of-pocket costs on their health insurance plans as a way to protect themselves from having to pay those high costs.
A family can get covered for less than $60/month.