The financial strength you’ll need when a medical crisis unravels your life
Chances are… You know someone who has had a heart attack, a stroke or been diagnosed with cancer in the last six months.
Maybe it’s your brother-in-law or neighbor, or a friend or co-worker. You may have heard about their medical bills, missed work, and out-of-pocket expenses.
Chances are… You don’t think it will happen to you. We all like to think we are immune to a serious illness – but we’re not.
Chances are… If a critical illness strikes, you probably will live. That’s the good news! But, few of us are prepared for the
financial burden of recovery. Health insurance doesn’t come close to covering all expenses. How would you replace your income or your spouse’s lost wages while he or she helps care for you? Where would the money come from for home and car payments, deductibles, treatments outside of your health network, or home health care? What if you couldn’t return to your present job and salary? If you add your usual monthly bills, then subtract your lost income if you had to recuperate – it might equal a financial disaster at an already stressful time.
A doctor's solution to critical illness
“It’s all about medical advances that have increased survival rates,” says Dr. Marius Barnard, the father of critical illness insurance and cardiac surgeon who helped pioneer the first heart transplant. Dr. Barnard watched as new procedures saved the lives of countless patients who suffered critical illnesses, but saw those same lives devastated by the financial impact. Heart attack, stroke and cancer patients now survive – at a cost. Many are unable to return to their previous professions or incomes. Others are forced to return to work before they have a chance to fully recover. The sad truth is that the miracle of today’s medical procedures may save your life but create long-term financial challenges for you. Dr. Barnard helped develop critical illness insurance so that people can afford to survive – and recover.
How Does It Work?
A critical illness insurance policy pays a lump-sum benefit upon the first confirmed diagnosis of a covered illness or medical procedure. Additionally, if you collect the benefit for an illness or procedure in one category and then are diagnosed with a condition in another category, the policy will pay the full benefit to you again.
The cash benefit is paid directly to you – to use any way you choose!
What would the money mean to you?
- Freedom to choose your health providers.
- Freedom to have your spouse by your side.
- Freedom from worry about your bills and your mortgage.
- Freedom to take extra time off from work while you get back on your feet.
Think of the peace of mind you would have if you didn’t have to worry about your house payment or rent, auto payments, or credit card balances during this stressful time! You could just focus on getting well.
Possible uses:
- Your mortgage, auto loan, or credit card payments
- Your income, and your spouse’s lost wages while he or she cares for you, may be replaced
- Your medical costs-deductibles, prescriptions, second options, experimental treatments, out-of-network expenses
- Your rehabilitation, training, or education for a new occupation
- Expenses for you and your family’s travel/lodging while you’re seeking medical treatment outside of your community
- Expenses for child and nursing care
- A relaxing vacation while you recuperate
