Disability Insurance

Why a 25k Critical Illness Policy is Worthwhile

So what is Critical Illness Insurance anyway? Critical Illness coverage is an insurance protection that covers you in the event of up to 24 different critical illnesses. The 3 most popular ones include; heart attacks, stroke and life threatening cancer. Now with any of these critical illnesses you must survive for 30 days and then your benefit will be paid out in full. 30 days really isn’t a very long time and your benefit could be worth 25,000, 50,000, 500,000 or even 1 Million dollars, it’s really up to you!

Pay attention though, Critical Illness protection is not a cheap product! Its higher price is due to all the stats that show just how increasingly common these illnesses are. So why should you invest in even a small amount of Critical Illness Insurance? Unfortunately I can answer that based on my first hand experience with critical illnesses. My father-in-law suffered from a critical illness, he was diagnosed with lung cancer that was already spreading fast. From diagnosis to death he had a very short 8 months and in those incredibly tough and stressful days, my mother in law had to take a lot of time off work and most of it without pay. Luckily she had taken out a small Critical Illness policy that was able to help with the extra medical expenses, helped pay for one last family vacation and enabled my mother-in-law to stay home with her husband while maintaining the family income.

Having a Critical Illness policy means that you have flexibility and some stress relief while you focus on your health and recovery.

Some extra money to help out with the bills while you take some time off to recover, perhaps a vacation with loved ones to get your mind off of the hardship you’ve just been dealt, you can even use the money to get specialized treatment out of the country. The way you spend your benefit money is completely up to you. The important thing to remember is that with CI insurance you have options and you can relieve that extra stress that comes with a Critical Illness.