Why Do I Need Critical Illness Insurance?
Health Statistics to
While advances in medical
science have significantly improved your chances
of surviving a heart attack, cancer, strokes or
other critical illness, the fact remains that
75% of healthy individuals over age 40 will
become critically ill at some time in the
On the one hand, consider these
Every 29 seconds, an American will suffer a
On average, an American suffers a stroke
every 53 seconds.
Men have a one-in-two lifetime risk of
developing some form of cancer. For women,
the risk is one in three.
One in six men and one in eight women age 45
and older have had a heart attack or stroke.
There is also good
For those suffering a critical illness prior
to age 65, the probability of surviving is
almost twice that of dying.
12.4 million people alive today have a
history of heart attack, angina pectoris
(chest pains) or both.
4.5 million stroke survivors are alive
8.4 million people alive today have a
history of cancer.
50 to 70 percent of stroke survivors regain
88 percent of heart attack victims under the
age of 65 are able to return to their usual
Sources: 2000 Heart and Stroke Statistical
Update, American Heart Association; 2000 Cancer
Facts and Figures, American Cancer Society.
Achieve Greater Financial Security and Peace of
Recovery from a critical
illness, however, often is lengthy and expensive
- involving the loss of personal wages and your
ability to pay for care and treatment. Many
critical illness survivors experience "financial
death" because of the indirect costs associated
with their illnesses. Fifty percent of
bankruptcies in the United States are due to
medical problems, according to Norton Bankruptcy
Law Advisor 2000. If you suffer a critical
illness, would you be able to handle the extra
expenses associated with your recovery?
Traditional health insurance may not provide the
coverage you need to survive a critical illness
and lead a normal life. In fact, the American
Cancer Society estimates that 66 percent of the
cost of cancer treatment is not covered by
traditional health insurance. Expenses that
generally are not covered include:
Out-of-network medical treatment
Home and/or automobile modifications (e.g.,
Insurance co-payments and deductibles
Home health care
Uncovered or additional prescription drugs
Travel to receive special treatment
Second medical opinions
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