What is Critical Illness insurance? Critical Illness insurance, also known as Critical Care insurance or Critical Illness coverage, pays a lump sum cash benefit directly to the policyholder in the event of a qualifying serious illness.
If you’re not prepared, getting sick can be risky not just to your health, but to the financial situation of you and your loved ones, too. Having a Critical Illness policy in place can help reduce the financial burden and lead to less stress during recovery.
Primary health insurance helps cover medical costs if you get sick, but it doesn’t cover everyday living expenses while you’re out of work. Bills can pile up quickly. How close are you to meeting your health insurance deductible? Do you have enough savings to cover it? Will you have anything left for your other bills? These are the last questions you want to worry about if you’re seriously ill.
Ask yourself this – If you were unable to work for an extended period of time, could you continue to pay your mortgage or other household bills? Do you have an emergency fund set aside for an unexpected critical illness or serious medical condition?
If you answered “no” to these questions, you may want to consider UnitedHealthOne® Critical Illness insurance underwritten by Golden Rule Insurance Company. A Critical Illness plan may help you shift your focus more on your recovery and less on your expenses.
