Secured Benefits Group

What is Critical Care Insurance?

 

Critical illness insurance is medical insurance that pays a lump-sum benefit upon diagnosis of a critical illness or condition. A critical illness insurance payout helps you avoid the financial strain a major illness can create so you can focus on your recovery. It gives you the freedom to:
 

• Get the treatment you want

• Spend time with your family and friends

• Keep your home and other assets
   

Critical illness insurance has helped thousands of people outlive their illnesses.

 

Determine Your Need

Traditional health insurance is valuable, but often limiting. Because medical treatment is more advanced than ever, it's also more expensive. People today often experience financial hardship because of the medical expenses their health and disability insurance don't cover. Critical illness insurance could be a strong supplement to other health insurance. Determine if you need critical illness by learning what it pays for that other plans don't.

 

Who needs critical illness insurance?

It's difficult to predict if and when you will suffer a critical illness, however, if you relate to one of the following descriptions, you should consider critical illness insurance:

 

• Your high income precludes you from purchasing enough disability to meet your needs

• Your high-risk profession prevents qualification for traditional disability coverage

• You have a high medical deductible

• You don't have health insurance

• You're a parent

• You're self-employed

• You're a homemaker

 

How critical illness insurance work?

You decide how much coverage you need at a premium within your budget. Upon diagnosis with a covered illness or condition, you receive a check for the amount of coverage you purchased.

 

Additional features:

• Your plan is guaranteed renewable as long as your premiums are paid on time

• Return of premium option. The return of premium benefit is perfect for people who want critical illness insurance, but don't want to feel like they've lost their money if they never use it.

 

What do I use the lump-sum benefit for?

You can make payments on your mortgage and medical bills, hire help for around the house, pay for day care or elder care, travel to treatments. You decide.