If you're in the process of looking for critical illness insurance, you've probably come across a few terms and phrases that may not be familiar. I'm going to break down what these are and how they can help you find the right plan.
First things first: How much coverage do you need? This is a question that all insurance plans ask, but it's different depending on your health and lifestyle. The best way to know what coverage you need is to talk with your doctor about it and see if there are any gaps in your current coverage. If there isn't an existing plan that includes everything you need, start by asking about options like riders or add-on policies (which are extra benefits like accident forgiveness). Once you know what kind of coverage you need, compare different companies' offerings so that you can make the best choice for yourself.
The next step when looking for critical illness insurance is learning about all of the different types available out there and then finding one that fits your needs!
Some plans even provide cash benefits when they're needed most: if your policy covers a major medical event such as a heart attack or stroke, and you have one during its first year of coverage, then it pays back 100% of the premiums paid for that year.
To find out what kind of plan will work best for you and your family's financial needs during times of need, talk with an agent about what critical illness coverage can do for you.
First things first: How much coverage do you need? This is a question that all insurance plans ask, but it's different depending on your health and lifestyle. The best way to know what coverage you need is to talk with your doctor about it and see if there are any gaps in your current coverage. If there isn't an existing plan that includes everything you need, start by asking about options like riders or add-on policies (which are extra benefits like accident forgiveness). Once you know what kind of coverage you need, compare different companies' offerings so that you can make the best choice for yourself.
The next step when looking for critical illness insurance is learning about all of the different types available out there and then finding one that fits your needs!
Some plans even provide cash benefits when they're needed most: if your policy covers a major medical event such as a heart attack or stroke, and you have one during its first year of coverage, then it pays back 100% of the premiums paid for that year.
To find out what kind of plan will work best for you and your family's financial needs during times of need, talk with an agent about what critical illness coverage can do for you.
