***According to Health Markets “In one year, more than 795.000 people will have
stroke, 735.000 will have a hear: attack. and 1.7 million will be diagnosed with cancer.”
Critical illness insurance is an insurance plan that pays if someone has a critical illness
and this can help fill the gaps in your health insurance coverage n the event of an
unexpected medical event.
If you experience a qualifying illness, critical illness insurance policies pay out lump- sum cash benefits directly to you. Qualifying events like:
- End-Stage Rena Disease (ERSD)
- Heart Attack
- Illness-Induced Coma
- Life-Threatening Cancer
- Major Organ Transplant
Because you get the benefits paid direct y to you, you Can use your benefit amount in
whatever way you need (out-of-pocket medical costs, mortgage payments, or another
expenses). But don’t wait for an illness to strike before getting critical illness insurance.
You cannot purchase this type of plan after an illness has been diagnosed.