{"id":1535,"date":"2019-10-17T20:00:46","date_gmt":"2019-10-18T01:00:46","guid":{"rendered":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/?p=1535"},"modified":"2023-07-31T17:20:23","modified_gmt":"2023-07-31T21:20:23","slug":"does-everyone-need-critical-illness-insurance","status":"publish","type":"post","link":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/does-everyone-need-critical-illness-insurance\/","title":{"rendered":"Does Everyone Need Critical Illness Insurance?"},"content":{"rendered":"
For these reasons and the fact that these illnesses bring high medical expenses not all covered by your health insurance, everyone should have Critical Illness Insurance. Consider this additional statistic. Findings from the U.S. Census, Centers for Disease Control and Prevention, the federal court system and the Commonwealth Fund attribute unpaid medical bills as the primary cause of bankruptcy filings in the United States.<\/p>\n
Financial turmoil and a potential bankruptcy stemming from a critical illness do not have to be in your future. With Critical Illness Insurance, you gain coverage for medical expenses other policies do not cover. Among the items Critical Illness Insurance covers are:<\/p>\n
Determining how much Critical Illness Insurance you should purchase, consider these questions:<\/p>\n
To determine how much coverage you need, think about your expenses to determine the face amount of coverage you will need. Critical Illness Insurance policies come in face amounts up to $50,000 and can also be purchased to cover spouses and dependent children. The cash benefit is paid directly to the insured individuals or his\/her family and these funds can be used as needed.<\/p>\n
Not all Critical Illness Insurance is alike. Seek out a policy that offers these important features:<\/p>\n
Best in class insurance providers also offer other value-added features to their Critical Illness Insurance policies such as a health screening benefit. It\u2019s also important to purchase insurance from carriers with a proven track record for excellent claims handling and a consistently strong fiscal performance as attested to by their A.M. Best \u201cA\u201d (Excellent) Rating.<\/p>\n
A critical illness does not have to introduce a major financial burden on your family. With Critical Illness Insurance protection, you can avoid unnecessary financial stress, damage to your credit rating, erosion of your savings, or a potential bankruptcy. For more information, visit: https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/insurance-solutions\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" No one likes to think about the possibility of getting a critical illness, but it is a fact that many people are affected by a sudden, unexpected illness.\u00a0 For instance, the American Heart Association reported that every 29 seconds, an American will suffer a coronary event and every 40 seconds an American will suffer a… Read more »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/posts\/1535"}],"collection":[{"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/comments?post=1535"}],"version-history":[{"count":3,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/posts\/1535\/revisions"}],"predecessor-version":[{"id":3491,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/posts\/1535\/revisions\/3491"}],"wp:attachment":[{"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/media?parent=1535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/categories?post=1535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/tags?post=1535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}