If you have a critical illness in your future, and will have received a lump sum of money to get you through that process of treatment and (hopefully) recovery, you will have thought it is worth it. No one knows the future. To some, having the knowledge that such a benefit would be provided if they are diagnosed with a life threatening illness, is worth it. To others, that is not such a big deal. Whether it is worth getting critical illness insurance or not is really a person decision. That being said, there are many more survivors of critical illnesses now than in the past. So it is a risk worth considering.
President | Founder, CLM Insurance Group, Delray Beach, FL
There are two schools of thought here:
1). Have a quality health insurance plan in force and a long-term disability income policy.
2). Purchase good health insurance and supplemental critical illness plan.
Option 2 will always be the less expensive of the two as a long term Disability Income policy is very expensive in most cases.
Either way you go, if you have a stand-alone critical illness plan, you'll be happy you had it if you have a major illness.
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1). Have a quality health insurance plan in force and a long-term disability income policy.
2). Purchase good health insurance and supplemental critical illness plan.
Option 2 will always be the less expensive of the two as a long term Disability Income policy is very expensive in most cases.
Either way you go, if you have a stand-alone critical illness plan, you'll be happy you had it if you have a major illness.