AmeriFed Insurance & Financial Services Blog
You will receive a lump sum of money if you have a covered illness under critical illness insurance. You can use this payout to pay for medical expenses, for mortgage payments, for vacation expenses during the recovery period, or for other uses.
Critical illness insurance is a supplement to your health insurance. It helps you pay for costs that are not covered by your health insurance, for example, out-of-network doctor fees.
Cancer is one of the most fatal diseases around the world, second to cardiovascular diseases. According to the American Cancer Society, an estimated 1.8 million new cancer diagnoses are expected to show up this year. As anyone can get afflicted with this disease, one needs to be prepared by getting insurance like cancer insurance. Read on to know more about cancer insurance and its benefits.
Many people try to think ahead and plan for the future by setting up a solid financial plan, which is a wise thing to do. They usually establish a savings account for retirement, maybe grow a 401k plan if feasible, and sign up for a few life insurance policies that would serve as sufficient safeguards for their families in the event that they pass away and leave the family without a breadwinner.
However, even though these are all solid, commendable plans, it sometimes happens that one more significant step gets ignored or overlooked – planning for disability. What happens if you get disabled and cannot work anymore? If you are the major provider of your household, this is one thing that you need to take care of as soon as possible. If you haven’t signed up for disability insurance yet or are doubtful if you really need it, then this article is for you.
Life is not permanent, yet you can create a stable future for your loved ones. All you need is insurance to provide financial protection that gives support at the time of your death. They will receive a payout if you keep up life insurance premiums.