Is Critical Illness Insurance Worth The Money?

Updated: May 30, 2022 at 12:28 pm

shows why critical illness insurance is worth the moneyI know you have a lot of financial priorities: mortgage, food, health care. If you have kids, then college savings as well. Why are we talking about critical illness? Well, a critical illness – such as cancer or heart disease – can financially wipe you out. No way, John, you say. I have health insurance. That is great to hear. You know as well as I do that health insurance premiums and out-of-pocket costs have been rising as fast as a rocket. Moreover, many health insurance plans don’t cover everything when it comes to a critical illness. In this article, we answer the question that many people have. Is critical illness insurance worth the money, when you have other financial priorities? The answer isn’t so easy. Like most answers, it depends.

We discuss what critical illness insurance is, how it works, and the different types. Moreover, we will discuss potentially, better alternatives to critical illness insurance. (Yes, you heard us right.). Finally, we provide example premiums for critical illness insurance plans. By the time you finish this article, you will have a good idea if critical illness insurance is worth it and right for you.

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Your Best Critical Illness Insurance Options

Updated: October 22, 2020 at 10:12 am

If you read our article if critical illness insurance is worth the money, you know that answer really depends on you and your situation. Keep in mind that critical illness insurance is generally inexpensive when you consider the financial and emotional impact an illness takes on a family. In this article, we discuss the best critical illness insurance options for you and your family.

First, we discuss critical illness insurance underwriting and then the types of critical illness insurance available. Then, we discuss the plans we feel are the best, offering the right type of coverage and premium. Honestly, there will be carriers you have never heard of. Is this a bad thing? No. It means we at My Family Life Insurance have a lot of options to place you and your family in the right critical illness insurance plan.

Remember, the “best” or “right” critical illness insurance plan is the one that fits your needs, situation, and budget. Moreover, it pays the benefit to help you and your family. It’s not based on a brand name or a carrier on TV.

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3 Reasons Why Hospital Indemnity Insurance Is Worth The Money | We Discuss Why This Insurance Can Be An Important Component To Your Health Insurance

Updated: September 25, 2021 at 12:30 pm

hospital indemnity insurance worth the money

Many people wonder what hospital indemnity insurance is and if they need it.

Oh, John, you say. Stop right there. I have health insurance. I’m covered.

Many people think they are. However, did you know your health insurance likely does not cover everything? Here’s what I mean.

Let’s say you are in the hospital for a few days because of an accident. The pre-insurance bill is $50,000. After it is all said and done, you owe $7,500 which includes your $6,000 deductible you will need to pay and $1,500 of coinsurance.

Do you have the money to pay for that? No? Here is an option.

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Here Is Why Life Insurance With Living Benefits Is Worth The Money | This Type Of Life Insurance Provides More Flexibility

Updated: September 24, 2021 at 7:09 am

Do you think life insurance with living benefits is worth the extra money?

John, I have no idea what you are talking about, you say.

Wait. Have you heard about life insurance with living benefits?

If you don’t know what living benefits are, don’t worry. I will explain what they are in more detail.

Here is the abridged version, however: Living benefits are a useful way to advance part of your death benefit early, while alive (or “living”) if certain, covered events happen.

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