Protecting Your Finances from Serious Illness: Two Vital Solutions

Many people may not realize that a serious illness like cancer, heart disease, or another critical condition can result in thousands of dollars in unexpected expenses. For example, the average cost of a heart attack hospitalization is $24,331.* Imagine the difference $50,000 could make for someone facing a new diagnosis. Fortunately, two insurance solutions offer critical financial relief: Life Insurance with a Critical Illness Rider and Critical Illness Insurance.

1. Life Insurance with a Critical Illness Rider

This option allows policyholders to access a portion of their death benefit to cover expenses from a serious illness. Typically, up to 25% of the death benefit can be accelerated, covering costs associated with conditions like: cancer, heart attack , stroke, advanced Alzheimer’s, organ transplant, and kidney failure.

Benefits are paid dollar-for-dollar with no additional underwriting or waiting period, providing fast access to funds during a critical time.

2. Critical Illness Insurance

This coverage offers a flexible lump-sum benefit ranging from $5,000 to $500,000, with simplified underwriting up to $75,000. It covers many serious conditions, such as: cancer, heart attack , stroke, advanced Alzheimer’s, organ transplant, kidney failure and more.

Key features include:

• Multi-benefit payouts for separate diagnoses at least six months apart
• Immediate coverage for all conditions except cancer, which has a 30-day waiting period
• Return of premium options, ensuring a refund to beneficiaries if death occurs from causes other than a specified critical illness

Both options provide a crucial safety net, easing the financial burden that often accompanies life-threatening conditions.

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