A lot of insurance selling relies on fear. Fear of losing your home, fear of getting into a car accident, fear of dying, fear of something going wrong. However, even those of us who don't buy into fearmongering understand it's important to protect ourselves against potential future risks. It's just the smart thing to do, whether you're scared of it or not. So here are some no-BS statistics—no bias, no scare tactics—strictly facts that depict the need for critical illness insurance.
In the U.S., someone has a heart attack every 40 seconds*
90% of heart attack victims survive**
Each year, more than 1.6 million Americans are diagnosed with cancer*
70% of people diagnosed with cancer live 5 years or more**
Today, you are more likely to survive these diagnoses than die from them. This is terrific news. Unfortunately, these major bumps in the road hit hard on a household’s finances. Health insurance may cover an expensive hospital visit, but what about the income you might lose after being out of work? Or what about having to pay for care after a hospital visit? Or for post-diagnosis therapy that might not be covered by health insurance? Or for daycare while you regain strength enough to care for your kids? Or just to cover your high health insurance deductible? With CI, you don’t have to worry.
A critical illness insurance policy pays out a lump sum of cash upon diagnosis of any of the covered critical illnesses, such as heart attack, stroke, and cancer. It’s an affordable policy that can help significantly at your most vulnerable time. CI can make a scary situation less terrible.
*According to the CDC
**According to the AACII