Critical Illness Insurance Resource Center / The Risks of Major Illness

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Schell Insurance Agency

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CRITICAL ILLNESS INSURANCE Am I at Risk?

According to American Cancer Society's 1995 Cancer Facts and Figures, $69 billion, or fully two-thirds of all cancer-related costs were indirect, non-medical expenses. Please note that these are expenses that are usually not covered by traditional insurance, and include the cost of:

Home health care needs
Lost income and work time for spouse or care givers
Housekeeping or child care expenses
Non-covered "experimental" treatments
Expenses not covered by insurance, including co-pays and deductibles
Home or car modifications
Lost income for the critical illness survivor

Thus, many people are greatly concerned about how they would survive financially if a critical illness were to strike them or a family member.

These are some of the serious diseases and disabilities covered by Critical Illness Insurance.
Heart Attack Cancer (life threating) Stroke Heart Bypass Surgery Renal Failure Alzheimer's Disease Deafness	Multiple Sclerosis Paralysis Angioplasty Loss of Limbs Blindness Major Organ Transplant

As Medical Techniques Advance, More And More People Are Surviving Serious Illness.

In the U.S., statistics show that:

Over 40% of the population will develop cancer at some point in their lives, such as breast or prostrate cancer.
Approximately 1.5 million Americans suffer a heart attack each year. Of these individuals, over 1 million will survive at least three years.
The probability of surviving a critical illness before age 65 is almost twice as great as dying.

(Source: National Center for Health Statistics);

75% of heart attack sufferers under 45 survive three years or more
More than 50% of cancer sufferers between 25 and 44 survive at least 3 years
One in 2.2 males and one in 2.5 females will contract cancer some point in their life
1,500.000 will suffer a heart attack this year
500,000 people a year suffer a stroke
Over 3,000,000 stroke victims are alive today
Of female deaths between 35 and 39, 60% are attributable to a critical illness

Illnesses such as heart attack, cancer and stroke can strike at any time and of course serious injury through accident can happen to anyone. Although most people recognize the need for life insurance to provide for dependents in the event of death, few have considered the consequences of surviving serious illness or injury, and the financial difficulties it can bring.

For many the situation will never arise. But have you considered how your life would be affected if you were to become ill or disabled for any length of time? It could mean a radical change in your circumstances and consequently provide an additional worry for your family. The illness itself would be distressing enough, but the financial burden of trying to continue a normal lifestyle could be very difficult, if not impossible. Critical Illness Insurance can provide that much needed financial security to live a full life.

Many people think that insurance policies from life insurance companies only pay benefits following the death of a policyholder. It is time to reexamine a fast paced and changing life insurance industry. Unlike life insurance policies in the past, some of the new policies have critical illness insurance riders available to provide you with financial support following the diagnosis of a specified serious illness and/or disablement resulting from illness or injury. Also there are stand alone policies for those who do not feel a need for life insurance or have adequate life policies.

For individual information on how to reduce your
financial risk from serious illnesscontact an agent.

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