Critical Illness Insurance

Did You Know...

Survival Is a Reality

• About 5.4 million stroke survivors are alive today, many of them with permanent stroke-related disabilities.
• The average make has a 15 percent chance of developing leukemia before the age of 40.
• This year about 1.2 million Americans will suffer a heart attack - and nearly 60 percent will survive.
• Over 1.3 million Americans will be diagnosed with cancer this year - and 64 percent of them are expected to survive at least five years.

 

The Cost of Surviving 

• This year cardiovascular disease will cost Americans $393.5 billion - the equivalent of $1,353 for each man, woman and child in the country.
• Over 50 percent of bankruptcies are medically related.
• The costs surrounding a cancer diagnosis average $146,000 per patient.

Q. What is critical illness insurenace?
A. Critical illness insurance is a product that provides a lump-sum payment upon diagnosis of a covered medical condition.

Q.I already have sufficient life insurance protection. Why do I need critical illness insurance?
A. What would happen if you suffered a heart attack or stroke, or were diagnosed with cancer - and survived? With advances in modern medicine, the survival rates for these conditions have greatly improved over the last 10 to 20 years. For example:

• 60 percent of people diagnosed with cancer survive at least five years.
• 75 percent of people who suffer a heart attack survive at least three years.
• 70 percent of people who suffer a stroke survive at least three years.

 

 

Critical illness policy will pay a lump-sum benefit upon diagnosis of one of numerous conditions most likely to cause major lifestyle changes.

 

Invasive cancer	In situ cancer (25%)	Paralysis (50 percent for paraplegia and hemiplegia)
Coma	Coronary artery bypass (25%)	Loss of sight, speech or hearing
Heart attack	Kidney failure	Major organ transplant
Stroke	Severe burns	Loss of independent living

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