Nassau Bay Agency LLC

History of Critical Illness Insurance

There to Help Meet Your Financial Needs

Medical treatment has never been better, but also it has never been more expensive. Critical illness insurance is a type of medical insurance that pays a lump-sum benefit when you are diagnosed with a critical illness or condition. With a critical illness insurance policy you can avoid the financial strain a major illness can create so you can focus on your recovery.

Your need for additional cash may be great if you are diagnosed with a critical illness. Lost income and medical expenses could take a toll on your family budget. The Accelerated Living Benefit Rider added to a term life insurance policy can provide a lump sum payment if you are diagnosed with one of the following covered illnesses. The benefit can be purchased in a 25%, 50% or 100% acceleration of the base policy face amount.

• Heart Attack
• Stroke
• Invasive Cancer
• Blindness
• Terminal Illness
• Paralysis
• Kidney Failure
• HIV contracted performing duties as professional healthcare worker
• Major Organ Transplant Surgery
• Coronary Artery Bypass Graft (10%)

Determine Your Need

Although medical insurance and other insurance coverage you may have are critical in covering your medical and major medical expenses they won't cover everything. People today can experience financial difficulty because of the expenses their insurance does not cover. Critical illness insurance could be a supplement to other health insurance. Determine if critical illness insurance is right for you by learning more about what it covers.

Because a critical insurance policy can pay you a cash benefit upon diagnosis of a covered critical illness or condition, you choose how to spend it:

• Make payments on your bills or mortgage
• Pay out-of-pocket medical bills
• Hire help for around the house