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.
Coverage for when you need it most 

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
Any question please contact our financial department 626-353-7156 Email: financial@la1sttax.com