Join me @ IBOtoolbox for free.
Eric Wilson
Member Since: 2/7/2018
  
performance / stats
Country: United States
Likes Received: 140
Featured Member: 0 times
Associates: 280
Wall Posts: 391
Comments Made: 125
Press Releases: 325
Videos: 50
Phone: (815) 372-1363
Skype:    
profile visitor stats
TODAY: 2
THIS MONTH: 740
TOTAL: 57473
are we ibo associates?
active associates
victor chukwuemeka    
Last logged on: 6/26/2019


Jr R Nahan    
Last logged on: 6/26/2019


Eugenijus Sakalauskas    
Last logged on: 6/26/2019


Velma Joseph     
Last logged on: 6/26/2019


Csaba Juhasz    
Last logged on: 6/26/2019


Micky Gramlin     
Last logged on: 6/26/2019


Louise Kinnear    
Last logged on: 6/26/2019


Paruchuri Sridhar    
Last logged on: 6/26/2019


Linda Michel White       
Last logged on: 6/26/2019


ALEKSANDAR STANIC    
Last logged on: 6/26/2019


Lawrence Bergfeld    
Last logged on: 6/25/2019


Matt Bruns     
Last logged on: 6/25/2019


Mark Turnbull    
Last logged on: 6/25/2019


Bill Bateman     
Last logged on: 6/25/2019


Vernon Wallis    
Last logged on: 6/25/2019


other ibo platforms
Eric Wilson   My Press Releases

Critical Illness Insurance… Most Important Product??

Published on 6/11/2019
For additional information  Click Here

Perhaps the least known product in the health insurance market might be the most important of all.  Critical illness insurance is an indemnity product, that pays cash directly to you in the event you have one of the specified illnesses.

Over sixty percent of all bankruptcies in American are related to medical bills.  The bills at least contribute to the bankruptcy.  To be more specific, if you are self-employed or an independent contractor of some kind.  If you do not work you do not get paid.  If you have a heart attack, stroke or life-threatening cancer, sadly you probably will not be going to work for a while.  Your major medical insurance will cover all or most of your medical bills.  What about your other bills?

We pay our other bills with the income we earn from our jobs.  We usually cannot call the mortgage company and say, I had a critical illness and have been out of work for two months, can I skip my mortgage payment for a while.

Critical Illness pays a specified amount of money, usually, a minimum of $5,000 and most companies have a maximum of around $50,000.  You pick the amount you think you need at the time of purchase.

If unfortunately, you are diagnosed with the illness, cash is paid to you for whatever you need it for, monthly bills, cash flow, whatever the case may be.

Critical Illness insurance was not created by the insurance industry.  It was created by a heart surgeon, named Dr. Bernard in South Africa.  Dr. Bernard said in 1983, “If you die at age 30 than life insurance is more important, but if you get a critical illness at age 45 or 50, when you are at the height of your earning ability, and you have an operation and survive to live another 20 years, then critical illness insurance was more important. Where workability decreases and the ability to provide for your financial needs diminish, I think the critical illness policy is much better.”

Critical illness policies can now be purchased individually or some life insurance policies have it either added as a benefit or some actually comes with it.  The life policies would cost a little more but have a nice “living benefit” to come with it.

In my opinion, at a minimum, everyone should have at least $10,000 in critical illness if you own any assets.

Member Note: To comment on this PR, simply click reply on the owners main post below.
-  Copyright 2016 IBOsocial  -            Part of the IBOtoolbox family of sites.