Here’s the scenario: You just had a heart attack.
The doctor tells you that you’re very lucky to be alive and that you can’t work for 2 months. Your doctors and the hospital will get paid by your health insurance. Your life insurance isn’t paying because you’re alive. Who pays you to recover?
Critical Illness coverage helps to fill “The Hole” and cover unforeseen expenses such as your health insurance deductible and lost income.
Most employers don’t offer this gap coverage as this is an area often overlooked when we consider insurance to protect us from the unknown. This protection compliments your current health and life insurance policies and can be purchased for almost any monthly amount. These policies can serve to cover your health insurance deductible or even to replace lost income for a year.