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You might think that surviving a critical illness is the toughest trial you may endure in life. But the financial effects of a prolonged illness can be just as devastating. Did you know that one of the most common reasons given when filing for personal bankruptcy is a medical issue? Even when you have a quality health insurance policy, you may still not be prepared financially for a critical illness.
Cancer, heart attacks and strokes account for the most common types of critical illnesses. Should you find yourself afflicted with such an illness, you may be satisfied with the medical expenses that your health insurance policy covers. However, if you must be out of work while you are receiving treatment and recovering, how will you pay your other bills? The mortgage, utilities and groceries won’t be paid by a typical insurance policy.
Texas Healthcare Specialists can evaluate your current health insurance policy and help you determine if a critical illness policy is a good choice to keep you and your family financially protected. There are two common types of critical illness insurance – the defined benefit plan and the lump sum benefit plan. In most cases, our agents will recommend the lump sum benefit plan so that in the event of a prolonged illness, you will be able to access your benefit up front. Often, these benefit payments are tax-free and the money will be paid directly to you, the policy holder.
Texas Healthcare Specialists is proud to offer critical illness insurance policies through Assurity Life Insurance Company. Click on the link below to learn more on what Critical Illness Insurance can do for you.
ASSURITY'S SIMPLIFIED CRITICAL ILLNESS
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