Zeurcher Consulting Group PLLC.
With health insurance costing more and delivering less these days most people today are experiencing a growing financial burden that they’re ultimately responsible for. As a result, the demand for supplemental health insurance products is growing and Critical Illness insurance is one of those products.
Critical Illness insurance was invented by world renowned heart surgeon Dr. Marius Barnard. Dr. Barnard observed first-hand the detrimental financial impact his patients experienced following their treatment. Too many of them were putting their recovery at risk by forcing themselves back to work too soon just to pay the bills. Dr. Barnard felt this was wrong and that there should be an insurance product that could provide recovering patients a cash payment the moment an illness was diagnosed. His observations ultimately gave birth to modern Critical Illness insurance. Critical Illness insurance is a Limited Benefit Policy. It is not a comprehensive major medical plan or Medicare supplement policy.
Critical Illness insurance is about reducing the emotional and financial stress associated with the diagnosis of and recovery from a critical illness. The purpose of this insurance is to help families narrow or even close this growing financial gap and focus on getting well and not wondering about how to pay the bills.
Critical Illness Insurance Is Simple
If you are diagnosed with a covered illness like Cancer, Heart Attack, Stroke or Alzheimer’s disease, Critical Illness insurance pays typically pays a lump sum. However, some policies may pay a monthly cash benefit. You have complete discretion on how to spend the money – it can be for out of network medical costs, experimental treatments or even to pay your mortgage. It can be for anything you decide. No bills or receipts are required and no strings attached.
To learn more about Critical Illness insurance give us a call us today to schedule a free consultation. We’ll discuss the importance of adequate health care planning and how Critical Illness insurance can play a role in your own personal health care strategy.
Don’t forget to ask us for a copy of our newest educational guide called “Surviving Critical Illness Financially”. This important guide will help you understand the dilemma that a critical illness may create for you and how Critical Illness insurance can help make your life more secure.