Critical Illness insurance works by paying for expenses that result from a long-term recovery from a covered illness. It does not pay for each medical bill, but instead provides a payment that can be used toward any condition listed on the policy.
To get more information about what critical illness insurance coverage includes you can check various online sources.
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Who is Critical Illness insurance best suited for?
The coverage is best suited for:
• Spouses of high-wage earners – if a doctor, lawyer or executive has to spend time away from work to care for a sick spouse, the business suffers.
If the spouse has critical illness coverage, the family can immediately afford to hire in-home care, a nanny or other service providers to keep the home running smoothly.
• Self-employed clients and other high-wage earners who have capped out their DI limits.
• People in high-risk jobs often do not qualify for disability insurance. However, those occupations – such as firefighters, long-haul truck drivers, or police officers – may qualify for critical illness insurance.
• Anyone who is concerned about not having an adequate income to absorb the critical illness costs not covered by traditional insurance.
Critical Illness insurance is one of those policies that cover the gaps many other policies leave open. These policies are easy to use and are for all types of people.
Start offering Critical Illness insurance today and secure your clients' financial futures while you help your own.