Critical Illness Insurance
In times of critical illness, health insurance covers most of the costs of doctors, hospitals, or medicine. But how will you pay the mortgage, or the car payment? Your answer may be critical illness insurance.
What is Critical Illness Insurance?
Critical care insurance is designed to pay a tax-free, single payment to policy owners when they are diagnosed with a critical illness. Those illnesses meeting the definition of critical illness include stroke, heart attack, and cancer. Other conditions covered may include kidney disease, organ transplant, or bypass surgery—depending on the individual policy you purchase.
This specialized insurance is available from individual insurance companies, or through a voluntary employer-offered plan, which means the employee pays the entire premium. The cash payments depend on the coverage chosen but often range from $10,000 to $1 million.
How Much Coverage Do You Need?
Generally, a serious illness can cause you to put your life on hold for up to two years. A good estimate of need is to add up your mortgage payments for two years and use this figure as the base for purchasing extra insurance. If you can afford to purchase more coverage, do so.
Many families find they are under-insured for a major medical event, and deductibles and co-pays can quickly drain a savings account. Serious illness forces thousands of individuals into bankruptcy each year, and this type of insurance can fill in many monetary gaps. School tuition, travel costs, and replacing a spouse’s income during a time of illness are examples of uses for your serious illness insurance payout.
Allow you and your family peace of mind by being protected with this form of coverage. Start now and get a free quote today only available for Tampa, Florida residents.
Why You Should Buy Critical Illness Insurance RIGHT NOW?
You may be thinking, "Why should I buy insurance right now?" Well, the answer is simple. Insurance services & policies can protect you from financial disaster in case of an accident or injury. Insurance provides a safety net for your family and loved ones to help them get back on their feet if something terrible happens to you. It's important not only for your peace of mind but also for the future well-being of your family.
Insurance services & policies can give you peace of mind knowing that your family will be taken care of if something were to happen without any worry on their part. With so many different types and packages available, there are options for every type of person’s needs! At Service Hub Insurance we'd love to answer any questions or concerns about how coverage works because when someone buys insurance they're taking steps towards financial stability and we're proudly serving Floridians Insurance needs since 2014 in our Insurance Services Office in Tampa, Florida.
If the unthinkable happens and you have a life-changing event such as an injury, illness, divorce, death in the family, etc., it's only natural for us to want to protect ourselves financially from what's happening with our lives by applying for disability benefits or getting long term health care plans.
After all, is said and done, it'll be a good day when you know your family will be taken care of if something were to happen without any worry on their part.