Why have critical illness insurance?
Imagine for a moment what it would be like if you had suffered a serious heart attack last month…and survived! Could you continue to work and provide for your family? Would your life style or financial health be compromised? There is a solution that takes away the worry of surviving a critical illness…Critical illness insurance provides a hassle-free way to provide liquidity to meet the financial needs during a medical crisis.
Is critical illness insurance necessary?
Life insurance pays on death, or when the insured is terminally ill, with no long-term living benefits. Disability insurance replaces income, but is insufficient for the added burden of medical expenses. Personal and retirement savings have intended purposes, other than medical expenses. Long-term care insurance is too restrictive and inflexible. Many critical illness victims make a full recovery after a lengthy expensive treatment period.