Critical illness insurance can serve a lot of needs.
A good major medical plan will cover most of your medical bills but there are always copay's, deductibles and coinsurance that can leave you with thousands in out of pocket expenses.
If you are accustomed to a regular paycheck a critical illness policy can help
You should buy Critical Illness insurance if you have a hard time saving money for emergencies. When someone is diagnosed with a critical illness such as heart attack, stroke, or cancer, finances are stretched to the limit. There will be time lost from work. Medical, travel, child care, and other bills can add up. Critical Illness Insurance does not have any deductibles or co-pays and benefits are paid in a lump sum to the beneficiary of the policy. Those funds can mean a great deal at that point in one's life.
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A good major medical plan will cover most of your medical bills but there are always copay's, deductibles and coinsurance that can leave you with thousands in out of pocket expenses.
If you are accustomed to a regular paycheck a critical illness policy can help