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CRITICAL ILLNESS INSURANCE
Critical Illness Insurance
What Does This Mean?
This type of insurance can help you deal with sudden major medical events, such as a heart attack or stroke.
Though no one likes to think about such things, it’s important to be prepared for emergency situations.
Critical illness insurance policies work like this: you will select a policy amount (typically $10k, $20k, or $30k) and pay as little as 15 cents per day for your premium.
In the event of a critical illness, you will receive the policy amount from the insurance company that will help you cover treatment costs.
What Qualifies As A Critical Illness?
In addition to the above, cancer or congestive heart failure may also be deemed a critical illness that’s covered under your policy.
Also, if your doctor or a specialist orders a procedure such as an organ transplant or heart surgery, you may also qualify for the payout. Finally, routine exams and wellness testing can sometime make the policyholder entitled to a small payout under the policy.
Although anyone can benefit from a critical illness policy, it’s especially recommended for those individuals who are more susceptible to chronic illnesses. Sometimes, you simply can’t place a price on peace of mind. This policy can also help you make up coverage gaps in your regular health insurance policy.
To learn more, and to get started with a free quote, please call Blue Chip Insurance Agency today.