A Wilson Consulting Group professional insurance advisor can help you find critical illness insurance and other types of health insurance coverage.
No. Disability insurance, also known as “income replacement” insurance and provides a monthly income replacement benefit if you become disabled and can no longer perform the normal duties of your work. Generally, the benefit is limited to a percentage of your regular income and ceases once you earn an income or you no longer meet [...]
No. Long-term care insurance provides for personal care on a long-term basis if you need supervision or assistance with daily living activities due to a chronic illness, disabling condition or cognitive impairment. Long-term care policies generally pay a pre-determined daily benefit amount on a monthly basis. There are usually no restrictions on how the money [...]
If you die for a reason not covered by the critical illness policy, the premiums you paid may be refunded to your named beneficiary. Some plans will return the premium or a portion of the premiums paid during the life of the policy if the policy matures and no claim has been paid.
Generally, a lump sum or predetermined fixed amount tax-free benefit payment will be made to you 30 days after the claim has been approved. There are no restrictions on how you use the money. Once your claim is paid, your critical illness insurance policy ceases.
Generally, the younger and healthier you are, the lower the premium (cost). However, the cost varies depending on your age, medical condition, your immediate family medical history, the amount of coverage, the number of illnesses covered by the policy, and the insurance company. It pays to shop around to get the best rate. When shopping [...]
In determining your need for critical illness insurance, you should consider your personal circumstances and the added financial strain that could be brought about by dealing with a serious illness or disease. Public and private health insurance plans typically do not provide coverage for day-to-day living expenses such as travel to and from treatments, home [...]
Although they can differ from policy to policy, typical illnesses and diseases covered by critical illness insurance may include: aortic surgery aplastic anemia bacterial meningitis benign brain tumor blindness cancer (life-threatening) coronary artery bypass surgery deafness dementia including Alzheimer's heart attack heart valve replacement or repair kidney failure loss of limbs loss of speech major [...]