Protect Your Clients With A Family History Of Cancer, Stroke Or Heart Disease
While the chances of surviving a critical illness such as cancer, heart attack, or stroke are greater than ever, living with the condition can create a severe financial hardship for many of our clients.
Traditional health insurance plans cover medical expenses such as Hospital, Physician and Pharmacy. However, additional costs such as the insurance deductibles, child care, insurance premiums, and short-term home health care must often be paid by the recovering patient directly.
Critical Illness Insurance pays a tax-free lump sum payment on first diagnosis of any one of a list of 20 serious illnesses – including cancer, heart attacks, or stroke.
Claims statistics suggest we are 5 times more likely to survive rather than die before we reach age 65 of cancer, heart attack or stroke.
The good news is, medical advances make it so more people are surviving conditions that might have killed us years ago. For example, more than 90% of men diagnosed with testicular cancer are still alive 5 years after first diagnosis, and 80% of women diagnosed with breast cancer have the same survival rate. Over 5.8 million stroke survivors are alive today, many of them with permanent stroke related disabilities.
We have availability to several Critical Illness carriers that offer unique policies to meet your client’s needs.
I have found one plan in particular that offers a very comprehensive benefit plan at a very affordable the cost.
Think of putting your premium dollars into a safety deposit box and if you are diagnosed with one of the 20 covered conditions (including Alzheimer’s Disease) the policy will pay the face value. Or if you die of one of the covered illnesses the policy will pay the face value to your beneficiary. If you should die of any other reason, 100% of all premium paid towards the plan will be returned to the beneficiary as a tax-free death benefit.
While most critical illness policies have a reduction of benefit at age 65, we have Critical Illness contracts that extend the full benefits to age 70.
The likelihood of surviving a critical illness grows every year as does the threat of being diagnosed. The coverage is affordable. A $50,000 benefit for a male, age 40, will cost approximately $52 a month. In addition to the lifetime version of the product, there is a choice of 10-15-20 and 30 year coverage periods. There is a plan to fit any budget with benefits up to $500,000.
Critical Illness Insurance is one of the best kept secrets in the industry and provides advisors a great opportunity right now to meet more clients, help more families and increase sales. Look to your clients with a family history of Cancer, Heart Disease, or Hypertension. They are very likely to be interested in purchasing protection.
Contact your Disability Insurance Specialists for detailed information about a plan that meets your client’s needs and budget.