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	<title>New answer on: Who Needs Critical Illness Insurance?</title>

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		<title>By: Joe 'Gravy' Graves</title>

		<link>https://www.insurancelibrary.com/critical-illness-insurance/who-needs-critical-illness-insurance</link>

		<dc:creator>Joe 'Gravy' Graves</dc:creator>

		<pubDate>Sun, 28 Feb 2016 19:38:53 +0000</pubDate>

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		<description><![CDATA[Everyone above makes good points. So my copy &#038; paste reply is NOT to point out errors... only to expand on their points... A different view point…. My opinion... EVERYONE should have SOME Critical Illness Insurance (CI) unless you are just super-crazy wealthy &#038; can write a check for just about &quot;anything you want&quot;. (yet even then the price of the insurance may be low enough that you wouldn&#039;t &quot;want to use your own money when you can leverage the funds from an insurance carrier... that&#039;s another post one day...)

Bob- ... recommended for those who would have difficulty paying their out of pocket expenses in the event of a severe health impairment. A good major medical policy will cover most of your health care bills .... I WOULD LIKE TO SAY that even in 2013 when he posted, major medical has SO MANY holes in it, the ideas that just having major med is enough... I find that crazy. WHY Gravy???
1. lost time from work
2. limitations on therapies
3. &quot;4th quarter penalty&quot;... meet your deductible in December &#038; it starts over again Jan. 1st.
4. travel
5. uncovered expenses like durable medical equipment. 
6. paying someone to clean, cook, &#038; even wipe your butt (yes. I said that).
7. the time away from work for your spouse, loved one, family, or friend that is &quot;helping you recover&quot;. 
8. alternative treatments not covered by your major med
9. In today’s Obamacare world, where networks have RADICALLY changed, you might NEED to go out of your &quot;network&quot; to save your freaking life!! Who will write the check for that??
10. I can go on &#038; on.... 
POINT: Major Med has WAY too many holes to think that &quot;all is good&quot; if you have a card in your wallet. CI 

Kelly - great points about hazardous occupation, the self-employed, or someone who was declined Disability Insurance. I WOULD ALSO say it is great for those that &quot;have no income&quot;, Like stay at home parents. ALSO, I don&#039;t see it as an &quot;alternative&quot; to disability. It should be assessed for what it does on it&#039;s own, or as a complement to disability. As a general rule, we always introduce both DI &#038; CI when the conversation is about &quot;loss of income&quot;. 

Peggy - Just for a rainy day?? I have clients that EARN A LOT OF MONEY... Yet they still own CI. So from the $10 an hour bagboy at the grocery to those making 6, or event 7 figures a year, CI can be a valuable tool.

Folks, the WHY behind buying a CI protection plan is as unique as you are. Lost income - Works for that. Cover out of pocket costs that aren&#039;t covered by medical insurance - Works for that too. YOU SHOULD chat with an agent that represents several carriers. 1st, because they all have various underwriting appetites. 2nd, for the maximum # of conditions that &quot;trigger a benefit&quot; &#038; other features a plan may have (like a full refund of premiums if you die for anything other than a named illness). 3rd, and your last consideration when 1 &#038; 2 are &quot;equal&quot;, look at the monthly premium you will pay... Reach out if you have questions... 
- gravy.]]></description>

		

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		<title>By: Peggy Mace</title>

		<link>https://www.insurancelibrary.com/critical-illness-insurance/who-needs-critical-illness-insurance</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Sun, 15 Sep 2013 19:46:05 +0000</pubDate>

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		<description><![CDATA[People who do not have a lot of resources saved up for a &quot;rainy day&quot; can benefit from Critical Illness Insurance. When a life threatening illness or injury strikes one of the breadwinners of a home, it takes a huge emotional toll on the family. It also takes a financial toll due to medical bills, traveling to doctor appointments, child care, and time off of work. Critical Illness Insurance pays a lump sum benefit that is emotionally uplifting and financially helpful.]]></description>

		

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		<title>By: Kelly Moser</title>

		<link>https://www.insurancelibrary.com/critical-illness-insurance/who-needs-critical-illness-insurance</link>

		<dc:creator>Kelly Moser</dc:creator>

		<pubDate>Tue, 27 Aug 2013 22:20:12 +0000</pubDate>

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		<description><![CDATA[Critical Illness Insurance is great for any consumer, but it&#039;s especially useful for anyone with a hazardous occupation, the self-employed or someone who was declined Disability Insurance.  Critical Illness Insurance pays out in a lump sum payment upon a diagnosis of a covered illness, so anyone who would benefit from excess cash immediately (for any type of bill or payment), would benefit from CI.]]></description>

		

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		<title>By: Bob Vineyard</title>

		<link>https://www.insurancelibrary.com/critical-illness-insurance/who-needs-critical-illness-insurance</link>

		<dc:creator>Bob Vineyard</dc:creator>

		<pubDate>Mon, 03 Jun 2013 17:56:35 +0000</pubDate>

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		<description><![CDATA[Critical illness is recommended for those who would have difficulty paying their out of pocket expenses in the event of a severe health impairment.

A good major medical policy will cover most of your health care bills but there are still copay&#039;s, deductibles and coinsurance that leave you with thousands in out of pocket unpaid bills.]]></description>

		

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