Of all the products that I insurance, critical illness insurance ever really make sense to me ... until I met would affect someone who lives differently from where they now, when a tragic event has devoted his life could well use, he said: "I have never happen."
This person relayed to me a story of an incident that had happened in their life involving a live changing and unexpected stroke (by the way, did you know that having a heart stroke is the number one most prolific way people enter into disability?). We hear about people having a heart attack or strokes all the time, but if we look deeper into that incident what will we really see? How about a family that is dealing with a loved one as result of a stroke? People have to take time off from work to care for their loved one, schedules need to be rearranged for trips to the doctor, and then we also have to look at the person suffering the effects of knowing that their life will never be the same. It all adds up and sadly...like with many things in this world...money gets involved. Lost time from work means no money and no money means more stress. That's not exactly what the doctor would order for a person and their family dealing with the effects of a stroke or heart condition.
The goal is to get better and come out of that event on the other side. Critical illness insurance can, at the very least, help with that as policies many times pay out $50,000.00 to $100,000.00 upon diagnosis of not only heart conditions, but if the insured needs a major organ transplant or has kidney/renal failure.
I am big believer in a "God will provide" life, but what do we think these small investment offerings are? If you have questions about these types of policies, please contact me.