Critical Illness Planning
Cancer, heart attack or stroke can strike at any time and when it does, you'll need cash.
Critical Illness Life Insurance is a type of life insurance that pays out a lump sum benefit if you are diagnosed with a serious medical condition, such as cancer, stroke, or heart attack.
This type of insurance helps cover medical bills, lost wages, and other financial burdens associated with a serious illness. It also provides peace of mind knowing that your family is financially secure if something happens to you. Critical Illness Life Insurance is a great way to protect yourself and your loved ones from the financial hardship of a serious medical condition.
Critical illness life insurance is an invaluable policy that can provide financial protection for you and your family in the event of a serious illness or injury. It can provide you with a lump sum of money to help pay for medical bills, living costs and other financial needs. Key features of critical illness life insurance include: 1. Coverage for a variety of critical illnesses, including cancer, heart attack, stroke and organ transplants. 2. Flexible coverage options, such as the ability to add riders to your policy to cover additional illnesses. 3. No medical exams required to qualify for coverage. 4. Lump sum payments provided upon diagnosis of a qualifying illness. 5. Financial protection for your family in the event of your death or disability. 6. Tax-free benefits for you and your family.
Stroke
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Stroke kills about 140,000 Americans each year—that’s 1 out of every 20 deaths.1
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Someone in the United States has a stroke every 40 seconds. Every 4 minutes, someone dies of stroke.2
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Every year, more than 795,000 people in the United States have a stroke. About 610,000 of these are first or new strokes.2
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About 185,000 strokes—nearly 1 of 4—are in people who have had a previous stroke.2
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About 87% of all strokes are ischemic strokes, in which blood flow to the brain is blocked.2
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Stroke costs the United States an estimated $34 billion each year.2 This total includes the cost of health care services, medicines to treat stroke, and missed days of work.
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Stroke is a leading cause of serious long-term disability.2 Stroke reduces mobility in more than half of stroke survivors age 65 and over.2
Heart Attack
Coronary Heart Disease (CHD)
• Heart Disease remains the number 1 cause of death in the US.
• Coronary heart disease accounted for approximately 13% of deaths in the US in 2017, causing 365,914 deaths.
• According to data from 2005 to 2014, the estimated annual incidence of heart attack in the US was 605,000 new attacks and 200,000 recurrent attacks. The average age at the first heart attack was 65.6 years for males and 72.0 years for females.
• Approximately every 40 seconds an American will have a heart attack. • From 2007 to 2017, the annual death rate attributable to coronary heart disease declined 28.1% and the actual number of deaths declined 10.0%, but the burden and risk factors remain alarmingly high. • The estimated direct and indirect cost of heart disease in 2014 to 2015 (average annual) was $218. 7 billion.
• Heart attacks ($12.1 billion) and Coronary Heart Disease ($9.0 billion) were 2 of the 10 most expensive conditions treated in US hospitals in 2013.