It’s always a tough question for me to answer. Let’s be honest here, I sell insurance for a living. But I think that the tough part about critical illness insurance is that we don’t want to believe that we’ll need it. We want to see ourselves as invincible. We don’t want to think about the possibility of a sudden change of health, such as a heart attack, cancer or stroke.
We understand that we’re going to need fillings and that we’re going to get the occasional cold, but a heart attack – that’s not for us. Breast cancer? No, not me! Strokes don’t run in my family!
But just imagine if you had a critical illness and needed weeks or months to recover. Of course you’d want to know that you had the resources necessary to focus on recovery.
Critical Illness Insurance is a welcome cushion for your finances when dealing with a health care crisis. It’s possible that if you had a critical illness and did not have insurance; you could get by financially. But you might add some stress to an already difficult situation. This is especially true for business owners who feel like they’re the driving force behind their business.
Critical Illness Insurance provides you with a tax-free lump sum payment that reduces financial stress and eliminates the burden of taking on debt to pay for unexpected healthcare costs. And, if you remain healthy, you could receive a return of up to 100% of the premiums you’ve paid.
Critical Illness Insurance is that Financial Cushion that we all hope we never need to use.