Critical illness insurance is valuable protection currently owned by some five million American men and women.
“Critical illness insurance protection remains one of the most valuable and least publicized forms of protection for individuals between 40 and 60,”Jesse Slome, director of the American Association of Critical Illness Insurance
CRITICAL ILLNESS AWARENESS MONTH: critical illness insurance policies. Five million Americans own a critical illness insurance policy.
“Critical illness insurance protection remains one of the most valuable and least publicized forms of protection for individuals between 40 and 60,” says Jesse Slome. Slome is director of the American Association for Critical Illness insurance. “Critical Illness Awareness Month begins next week and this is the first factoid that we wanted to release.”
What is critical illness insurance
Critical illness insurance pays a lump sum cash benefit upon diagnosis of a qualifying critical illness insurance. Cancer, heart attack and stroke are the three primary covered conditions. Today policies will cover a range of additional other health issues.
Many critical illness insurance policies offer an option for a cancer insurance policy. These generally are far more affordable. “For many women, a cancer-only insurance policy could be a very viable option,” Slome notes.
Critical Illness Awareness Month Resources
The American Association for Critical Illness Insurance advocates for the importance of planning for health-related risks.
Jesse Slome is director of the Association and a leading insurance industry expert. He also serves as director of the American Association for Long-Term Care Insurance as well as the American Association for Medicare Supplement Insurance. Prior to forming insurance trade organizations, he held senior positions with leading insurance companies include Aetna and Transamerica.