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Is Critical Illness Insurance Necessary? Critical illness insurance provides a hassle free way to provide liquidity to meet the financial needs during a medical crises. Why is Critical Illness Insurance Necessary? life insurance pays on death, or when the insured is terminally ill, with no long term living benefits disability insurance replaces income, but is insufficient for the added burden of medical expenses personal and retirement savings have intended purposes, other than medical expenses  long term care insurance is too restrictive and inflexible many critical illness victims make a full recovery after a lengthy expensive treatment period

Serious Illness Statistics heart attack, cancer and stroke are the 3 most common diseases of the 90s 1 in 3 will develop some form of life threatening cancer 30% of cancer victims are completely cured 1 in 4 will contract cancer or heart disease before they retire 1 in 2 heart attack victims are under age 65 95% of heart attach victims survive the initial occurrence 1 in 2 will contract heart disease 1 in 4 currently suffer from cardiovascular disease 70% of open heart surgery operations each year are coronary bypasses 1 in 20 run the risk of having a stroke before age 70 75% of stroke victims survive the initial occurrence   Conditions that Could be Covered Alzheimer's Disease Angioplasty Blindness (total & permanent) Cancer (life-threatening) Coronary Artery By-pass Surgery Deafness (total & permanent) Heart Attack (myocardial infarction) Paralysis (2 or more limbs) Permanent Total Disability Stroke (cerebrovascular incident) etc.   How Critical Illness Insurance Works   select an amount of coverage from $15,000 to $500,000 provide medical evidence of good health Taxation   claim payments are received tax-free What to look for in Critical Illness Coverage   clear definitions (medical terminology) comprehensive scope of coverage short elimination period (30 days) lump sum benefit payment liberal underwriting

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