09/03/2023
Why consider Critical Illness Insurance?
“Should you be diagnosed with Cancer, suffer from a Heart Attack or Stroke, experience major Organ Failure, or start to develop symptoms of diseases like Multiple Sclerosis or Parkinson’s Disease, not only will you have to worry about managing the costs of treatment for the condition, but due to the severity of these illnesses you will probably be unable to continue to earn a stable income.
However, outside of the costs associated with managing and treating serious debilitating, and sometimes terminal illnesses, is the impact on your overall lifestyle. It is unlikely, for example, that you will be able to adequately perform the normal duties of your occupation if you are suffering continual nausea because of a round of chemotherapy treatment; and while your company may allow you to take an extended period of sick leave, you will probably not be paid for that time off unless you have signed an extremely generous contract.
This leaves you having to worry about your Children’s school fees, the rental costs for your apartment/house/car, mortgage payments, and other on-going expenses you may need to maintain.
Having to deal with the stress of worrying about how you will cope with these bills is not going to be beneficial to your recovery, which is why a Critical Illness insurance plan can provide the ultimate peace-of-mind as you know that even should a worst case situation occur, you and your loved ones will have the financial support you require to overcome an extremely serious situation.”
And if you are diagnosed with any of the critical illness, review your existing policy to check if you are already covered and can claim for it before it lapses.
Thank you for this article Raul Benjamin Puentespina