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Is Critical Illness Insurance Really Necessary?

(@Anonymous)
New Member

Of all the insurance products I have ever offered, critical illness insurance never really made sense to me... until I ran into to someone who really could have used it and whose life would be different now had they had it when a tragic event struck their life that they said, "would never happen to me."

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.

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Topic starter Posted : 19/03/2010 12:38 pm
(@Anonymous)
New Member

Re: Is Critical Illness Insurance Really Necessary?

I think insurance, is just that. Insurance. While the desire to have it may not be there. The need never changes. Unfortunately, when people are strapped for cash they just can't afford to have insurance.

It's a no win situation when you have to choose between finances and insurance.

Regards,

Billy

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Posted : 08/04/2010 1:36 pm
(@Anonymous)
New Member

Re: Is Critical Illness Insurance Really Necessary?

Good story,bt i always believe to insurance with Critical illness riders..
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Posted : 21/04/2010 7:03 am
(@Anonymous)
New Member

Re: Is Critical Illness Insurance Really Necessary?

Now a days people are spending more money on medicines and doctors when they suffer from any critical illness. So, if the people had already taken the critical insurance then they do not have to worry about the hospitalization bills.

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Posted : 21/04/2010 10:47 am
(@Anonymous)
New Member

Re: Is Critical Illness Insurance Really Necessary?

Only if you plan never to become Critically Ill

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Posted : 21/04/2010 5:07 pm
(@Anonymous)
New Member

Re: Is Critical Illness Insurance Really Necessary?

I think insurance, is just that. Insurance. While the desire to have it may not be there. The need never changes. Unfortunately, when people are strapped for cash they just can't afford to have insurance.
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Posted : 04/03/2011 5:48 am
(@Anonymous)
New Member

Re: Is Critical Illness Insurance Really Necessary?

You never know when you become critically ill, so why not take a insurance and feel secure, there is no question about when we needed, there is always a chance that we can be ill and if we don't have an insurance cover, then where from we will be able to pay to the hospital.

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Posted : 14/03/2011 9:57 am
(@Anonymous)
New Member

Re: Is Critical Illness Insurance Really Necessary?

First, it provides you with financial security in the event of serious illness. And secondly it is necessary because it gives you peace of mind that if the worst should happen, you and your family will be taken care of.
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Posted : 28/04/2011 4:06 am
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