Is Critical Illness Insurance Worth The Money?

Updated: September 23, 2019 at 5:25 am

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: September 21, 2019 at 5:28 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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Is Hospital Indemnity Insurance Worth It?

Updated: January 4, 2019 at 3:02 am

hospital indemnity insurance worth the moneyIn recent years, hospital indemnity insurance has made strides. This type of insurance has been around for awhile. However, not until the rapidly increasing deductibles, coinsurance, and copays with health insurance plans under the Affordable Care Act, has hospital indemnity insurance been in the spotlight. In light of increasingly higher out of pocket expenses, people are turning to hospital indemnity insurance for cost assistance and peace of mind. Is hospital indemnity insurance worth the money? In this article, we describe hospital indemnity insurance and if it is worth the money or not.

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Choose Life Insurance With Living Benefits Carefully

Updated: October 11, 2019 at 3:36 pm

life insurance with living benefitsIf you don’t know what living benefits are, don’t worry. I will explain what they are below in more detail. Living benefits are a useful way to advance part of your death benefit early, while alive (or “living”) if certain covered events happen.  Many life insurance carriers offer living benefits automatically on their policies or as a rider. While living benefits are a great option, you want to choose life insurance with living benefits carefully. The plan has to meet your needs, both short-term and long-term. If not, then you are conceivably just throwing your money away. You don’t want to do that, right? In this article, we discuss choosing your life insurance plan with living benefits wisely. You’ll want to do your homework as all plans offered by carriers aren’t the same. Additionally, other alternatives exist which may prove more valuable in your situation. Continue reading Choose Life Insurance With Living Benefits Carefully