We hear in the news that over half of bankruptcies in this country are due to Medical conditions. That statement is factual. In fact, 62% of ALL Bankruptcies in this country are due to medical conditions. You know what is not factual, that this is because of a lack of health insurance. Over 70% of the American who file medical bankruptcy are middle class families with health insurance. And yes, the health insurer did pay thier bills. We hear about the high deductibles and high out of pocket maximums. Some of that is accurate. You know what health insurance is not supposed to pay for?? Your loss of income.
If you get sick or injured, the odds are pretty good you are not going to work for a while. Since us as Americans go to work to get paid, not getting paid is what ultimately causes the bankruptcy. We still need to pay our mortgage, car payments etc.
This is where a product that is little known outside the insurance industry comes in. A product known as CRITICAL ILLNESS. Critical Illness is an indemnity product that pays CASH directly to you in the event you have a critical illness. A critical illness is usually defined ( depending on the carrier) as a heart attack, stroke, life threating cancer, severe burns or loss of a limb.
In these cases, you are paid a lump sum of cash as defined in your policy. Usually, between $10,000 and $50,000. This cash can be used for what you see fit. Paying bills, tuition, or even having a procedure done in another country if you think it will save your life.
Ask your insurance agent about the Critical Illness product that is right for you.
Thanks for reading.
Eric Wilson is President of I Sell Health, Inc. A Chicago based company. He covers people in Illinois, Ohio, Wisconsin, Indiana and New Hampshire. He can be reached toll free at 888-448-5370. You can visit online at www.isellhealth.net.