Critical Illness Insurance

While you can't PREDICT the future we can PROTECT it!

 

Critical Illness insurance pays a lump sum tax free benefit on a covered illness once the waiting period has passed.

Unlike other insurance products, the underwriting process and the eventual decision of acceptance, rely heavily on the health of your family history which can include parents and grandparents.  For example:  if your parents have suffered from heart disease or cancer, the likelihood of getting coverage is very low.  Furthermore, if you are lucky enough to obtain an offer for coverage, the cost of sub standard rates can be very expensive.

Coverage from $50,000 to $250,000 for children between the ages of 30 days to 16 years old is virtually guaranteed.

Why would any parent purchase CI insurance for their child?  At first, the idea seems crazy.  However, the real question is; what are the consequences if you don’t?

Case Study

5 year old female
payments to age 75
March 2009
 

The child plan covers the same illnesses as the *adult plan, plus five childhood illnesses: cerebral palsy, congenital heart disease, cystic fibrosis, muscular dystrophy, and type 1 diabetes.

Offered in 10 year term, to age 75 and to age 100 plans (life pay or limited pay available).

Return of premium rider available.

• *Cancer                                                                                                          
• Stroke
• Heart Attack
• Coronary artery bypass surgery
• Aplastic anemia
• Bacterial menegitis
• Aortic surgery
• Heart valve replacement
• Coma
• Loss of speech
• Kidney failure
• Major organ failure requiring transplant waiting list
• Blindness deafness
• Occupational HIV
• Benign brain tumor
• Paralysis
• Loss of limbs
• Severe burns
• Multiple sclerosis
• Alzheimer’s disease
• Parkinson’s disease
• ALS and other motor neuron diseases