For purposes of this explanation, we are going to list those illnesses that are covered by critical illness insurance policies. The three primary are: cancer, heart attack and stroke. Critical illness insurance policies may also cover such conditions as: Heart transplant Coronary bypass surgery Angioplasty Kidney (Renal) failure Major organ transplant Paralysis

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The cash payments which can range from $10,000 to as much as $1 million. They are paid as a single, lump sum payment as soon as the individual is diagnosed with a covered condition. Some policies will actually provide multiple cash payments. Say you have cancer and survive; you get a cash payment. Three years later, you have a heart attack; another payment. But this varies from insurer to [...]

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Deciding how much critical illness insurance protection to buy is clearly a personal decision. A simple way to approach the matter is to multiply your monthly mortgage payment by 24 (2 years worth). Imagine the peace of mind of knowing you'll be mortgage-payment free while you recover and undergo treatment. As an example, you'll see that a male age 40 (non-smoker) seeking a cash benefit payment [...]

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Here is the short answer: Critical illnesses cause financial devastation to millions of individuals and families (even those with health insurance). A product was created that would provide cash at a time it was needed most. For those who want a lot more information. Consider the following: Medical problems contributed to over 60 percent of all bankruptcies in the United States and a 2008 Harvard[...]

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Obviously,l buy only as much protection as you comfortably can afford. One of the best ideas we've heard is to multiply your monthly mortgage payment by 24 (2 years worth). Imagine the peace of mind of knowing you'll be mortgage-payment free while you recover and undergo treatment. Finally, costs for coverage can vary from one insurer to another. Therefore it pays to work with a knowledgeable [...]

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Cash to pay for medical treatments not covered by your health plan. Cash to pay your mortgage while you are recovering. Cash to pay bills - from car payments to insurance premiums. Cash so you can travel for treatments not available locally. Cash to pay for experimental treatments (not covered). Cash to replace a spouse's income while caring for the insured. We think you'll find a way to put[...]

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Obviously,l buy only as much protection as you comfortably can afford. One of the best ideas we've heard is to multiply your monthly mortgage payment by 24 (2 years worth). Imagine the peace of mind of knowing you'll be mortgage-payment free while you recover and undergo treatment. Finally, costs for coverage can vary from one insurer to another. Therefore it pays to work with a knowledgeable [...]

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