Critical Illness Insurance Kicks In Where Others Leave Off

You might have seen the news about Sarah Burke, the professional snowboarder who succumbed to her injuries in January. Questions were raised about whether Burke had adequate insurance coverage when her business manager requested donations to cover medical expenses.

Regardless of the Health insurance coverage limits, it is clear that a Critical Illness (CI) policy could have provided a lump-sum cash benefit that would have helped to cover at least some of her expenses. After the accident, Burke fell into a coma, one of the many conditions that trigger a CI payout.

In 2008, a Canadian runner suffered a heart attack while participating in the Berlin Marathon. He survived and incurred hefty medical expenses. Again, the additional benefits provided by a CI policy would have gone a long toward paying for his medical expenses.

Health insurance coverage can be exhausted rapidly by these and other critical illnesses and occurrences. Consider the multitude of Health insurance variables: In network care vs. out of network, required referrals to specialists from PCPs, etc. — particularly when these events occur out of state or country.

Anyone can be involved in an accident or suffer an injury during a snow outing, while working out, or during any number of other recreational physical activities. Consider the peace of mind that a CI policy could offer.

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