Cancer, Heart Attack And Strokes Are Striking More Americans Every Single Year? Chances Of You Being Diagnosed With The Above Conditions Before Age 65 Is 49% Or 1 Out Of 2.

Highlights

Critical Illness Insurance: Lump Sum Benefits paid to you.

Coverage for up to $250,000 is issued without any medical exam or blood tests
All Critical Insurance policies have a list of illnesses that are covered
Pay Your Mortgage, Rent, other living expenses, medical expenses not covered by health insurance or Use the Cash amount As You See Fit,
You don’t have to be disabled to collect payment. The check is issued upon first diagnosis, or at the end of the elimination period, as specified
Policy premiums are lower and the coverage available is higher when purchased by younger and healthy individuals. Mostly not offered after age 65, can still find coverage with a few carriers after age 65.
Most Carriers also offer a Return of Premium Rider to individuals up to age 60. This rider guarantees all premiums returned to you at the end of the contract term minus any benefits that were paid during the term making this coverage virtually zero out of pocket for you if you did not need to use the benefits during the term of coverage.
Every contract has a coverage amount, contract period, covered illnesses, elimination period and exclusions. Confirm the contract items so there are no unpleasant surprises

Get Lump Sum, Tax Free Cash Payment Should You Suffer The Above Conditions. Invest A Few Minutes To Insure Yourself. Direct Cash Payment Made To You If You Are Diagnosed With Any Of The Above Covered Conditions.

What does Critical Illness Insurance cover?

Critical illness insurance provides a lump sum amount of tax-free cash to be used, as you desire. The check is issued in your name as soon as you are first diagnosed with the covered illness that is covered under the policy contract. For example, Guaranteed Trust Life Insurance Company offers an individual critical illness policy for residents of most states that pay $10,000 to $250,000 with no medical exam.

No exam Critical illness insurance coverage typically run from $10,000 to $250,000, anything over will usually require an exam.

When buying an individual policy for up to $250,000, you will likely have a phone interview from the insurer's underwriting department but no blood test or medical exam is required. However applications over $ 250,000 will require a para med exam, blood test and also a urine test.

Each contract includes a list of covered illnesses, exclusions and elimination period and the cost like all insurances is lower when purchased at a younger age. Most critical illness policies are issued for a minimum of two years and a maximum of 20 to 25 years. If you are over age 65, most insurers will not sell you a policy. If you purchase a policy in your early 60s, the cost will be steep.

This coverage sounds simple, but you must understand exactly what you are paying for and exactly what is covered.

Critical illness insurance is not meant to replace health, life or disability insurance. Instead, it’s purpose is payment for illness and treatments not covered by traditional insurance or for any other expenses you want to spend the cash on. Critical illness is difficult enough to handle, you don’t need rising financial worries to add to the illness.

Before buying critical illness insurance, find a licensed agent you trust and get quotes. Take the time and ask your agent to walk you through the policy features, advantages and benefits so you know how to access the benefits should you need them.

A family history of a certain illness may be excluded from the policy. Most policies are priced based on age, gender and family history. Understand the pre-existing limitation clause so there are no surprises. Ask; that if you satisfy the claim requirements, when will you get paid?

An important consideration is the Insurance Company’s claims paying history.

Life can change in a heartbeat and an unanticipated critical illness could dramatically change your life. No one has immunity from life's risks. Thanks to the medical advances, if a critical illness like a heart attack, stroke or other serious illness strikes, you'll probably survive but, recovery comes at a price. If you had to take an extended leave from your work or if you couldn't return to your job because of physical limitations, your bills would pile up while your income decreased. Critical Illness Insurance payments can ease the burden!

Compute your insurance needs against your ability to pay for it. Check against an insurance company’s list for covered illnesses.