Critical Illness Life Insurance What is a more affordable premium individual disability insurance, is perfect for spouses of senior employees and allows the insured to receive a lump sum to use as needed - without any conditions?
If you thought it was a serious illness, Critical Illness Life Insurance you are more intelligent than others. In seeking to provide a variety of client asset protection, critical illness insurance is an important solution to have in your tool belt. This is also a big differentiator, Critical Illness Life Insurance as many producers do not offer this valuable coverage.
Here you will find everything you need to know to better serve Critical Illness Life Insurance customers and build revenue by adding serious illness to their line of products.
What is insurance against serious diseases Critical Illness Life Insurance?
Critical illness insurance provides financial protection when a serious illness and if a person is unable to work and earn an income. This insurance can cover medical expenses that are not normally covered by other insurance. Critical Illness Life Insurance Paid in lump sums, which offers customers the freedom to use the money where it is needed - the medical costs of the mortgage.
This coverage comes into play as traditional health insurance leaves consumers with more gaps in coverage. After high deductibles, Critical Illness Life Insurance coinsurance and limited to non-traditional treatments, people can lead to large medical bills that are not covered by traditional politics.
Critical illness insurance works by paying the costs of long-term recovery of a covered illness. Do not pay for each medical bill, but rather provides a payment Critical Illness Life Insurance that can be used for any condition in the policy.
Who is best suited for Critical Illness Life Insurance?
The coverage is best suited for:
• Spouses of senior employees Critical Illness Life Insurance - if a doctor, lawyer or executive must spend time away from work to care for a sick spouse, the company suffers. If the spouse has insurance coverage of severe illness, the family can afford to hire immediately for home care, a nanny or other service providers to keep the house running smoothly.
• Customers of self and other holders of high wages peaked DI limitations Critical Illness Life Insurance.
• Employees in high-risk work often do not qualify for disability insurance. However, these professions - such as firefighters, truck drivers long distance or police - may qualify for critical illness insurance Critical Illness Life Insurance.
• Anyone who is concerned about not having enough income to absorb severe health insurance costs are not covered by traditional insurance.
Critical illness insurance is sold in more than DI or instead of DI?
Disability insurance, insurance sometimes called "income replacement", provides a monthly payment if a person becomes disabled and can not work. DI policy pays a monthly rent for a predetermined period the insured is unable to work. In Overall, disability benefits are limited to a percentage of the Critical Illness Life Insurance insured revenue and stops when the disabled person is able to earn an income or no longer meets the definition of disability as as described in the policy . disability policies often have a waiting period from the onset of disability.
Critical Illness Life Insurance Moreover, unlike the benefits of a serious illness, disability benefits may be affected by any other income insured receives.
Critical illness insurance is different from DI in that it covers expenses related to the recovery of major diseases. These policies pay a fixed amount to the insured or the beneficiary when a qualifying event. Critical illness insurance provides all Critical Illness Life Insurance the benefits of the policy once in the diagnosis of a serious illness. Because each policy provides different protection systems, Critical Illness Life Insurance it is beneficial to insurance brokers sell both types of coverage. In many cases, it is advantageous to optimize protection by selling the two products together.
What are the features and benefits of insurance against serious diseases key selling Critical Illness Life Insurance?
coverage characteristics vary depending on the product to ensure that you are familiar with the product you sell. Most policies include coverage for the following:
• Dues paid: Long-term recovery from an illness often includes many unexpected expenses. Critical illness insurance fills the gaps so that a Critical Illness Life Insurance person does not feel overwhelmed by medical bills.
• Guaranteed Renewal: as long as premiums are paid on time, right to the renewal of the insurance policy is guaranteed against serious diseases, giving customers peace of mind.
• Lump sum: If diagnosed with a covered illness, a lump sum will be paid to the insured. This payment can be used for any condition that is listed in the policy. What is the advantage secured for him. Critical Illness Life Insurance I could use the money to pay medical bills, to cover the mortgage or pay utilities. With a lump sum, the insured could even continue with alternative care or hire a health professional.
• Benefits paid directly to the customer: the critical illness insurance pays the insured directly, in addition to any other insurance you may be giving the client control how the funds are used. Thus, the coverage of a policy bridge between traditional health insurance and actual expenditures Critical Illness Life Insurance.
• Flexible coverage options: In some cases, customers can choose to have released in 20 years or have premiums returned after 15 years, so that customers need flexibility and demand policy.
• Wide range of coverage: Although coverage varies from company to company, typical illnesses and diseases covered by insurance against serious diseases including ALS and other motor neuron diseases, Alzheimer's disease, benign brain tumor, blindness, cancer, coma, coronary bypass surgery, Critical Illness Life Insurance deafness, heart attack, kidney failure, loss of limbs, major organ transplant, multiple sclerosis, HIV at work, paralysis, Parkinson's disease, severe burns, and the accident stroke.
What are the compelling facts and Critical Illness Life Insurance statistics I use when talking to potential clients?
The facts speak for themselves. Use these statistics to help your potential customers understand the need to:
• In 2010, it is estimated that about 1.2 million Americans will have their first or second heart attack. Of this, about 62 percent survive.
• On average, every 40 seconds someone in the United States has a stroke. Stroke is the leading cause of serious long-term disability in the United States
• The survival rate at five years for all cancers combined in the United States is only 66 percent.
• Increase medical expenses are the leading cause of more than 60 percent of personal bankruptcies in the United States, according to a 2007 study by Harvard University and the Robert Wood Johnson Foundation. In addition, Critical Illness Life Insurance over 75 percent of these bankrupt families were middle-class families with health insurance were still overwhelmed by medical debt.
• Twenty percent of people with health insurance still can not afford cancer treatment, according to a 2008 study by the American Cancer Society and the Kaiser Family Foundation. The survey found that one year of treatment for blood cancers like leukemia, Critical Illness Life Insurance has reached 1 million in 2008, Critical Illness Life Insurance axing the limits of most health insurance policies.
What questions should I ask prospects to determine if they are good candidates?
To determine if a potential client should consider coverage critical illness insurance, ask the following questions:
• What is your profession? Search for high-risk occupations DI or risk disqualification.
• How does your company and your family would be affected if your spouse is seriously ill? To emphasize the advantage of immediate cash benefits.
• Do you have the discipline and the ability to save money each month to cover long-term care due to a serious illness? Does it have enough income to prepare for this event? In addition to paying daily expenses while you are sick and out of work, Critical Illness Life Insurance medical bills can accumulate and wreak havoc once a financially healthy family. Share with the view that the costs of eldercare year is $ 50.00. And a few hours of use costs up to $ 10.00 per year.
Why should I add to my serious illness following solutions for Critical Illness Life Insurance?
Due to rising medical costs, people plans to allow more consumers with poor coverage and health insurance is more traditional, Critical Illness Life Insurance critical illness insurance should be an essential part of the global financial safety portfolio person.
With high deductibles, coinsurance and limited to non-traditional treatments, people can cause huge medical expenses that are not covered by traditional insurance. And because insurance premiums critical illness TCI premiums may be lower, the risk of sales resistance is lower.
Most prospects have been affected by the disease, whether cancer, stroke or heart attack. They saw medical expenses, financial stress and the effects it has on the extended family. Ask your customers if a single payment of $ 50.00 eased reduce stress and family concerns. Without the burden of the bills are piling up, Critical Illness Life Insurance the family could turn their attention to healing rather than trying to stay afloat financially.
What is the reason? Critical Illness Life Insurance This is a growing market?
As an underserved market in the past, not much room to grow and prosper with critical illness insurance. You can even increase your income significantly by adding this policy for all deals. In addition to providing coverage to new prospects, Critical Illness Life Insurance existing customers can review the new policy.
Since coverage is a relatively new idea in the United States, the market is not saturated with competitors. Since disability insurance comes with many terms and coverage limitations Critical Illness Life Insurance, critical illness insurance is a valuable tool to add to your arsenal of offers.
As Americans live longer, have a higher risk of the disease. But as the world of modern medicine is booming, most people survive and recover from Critical Illness Life Insurance the disease. However, their finances are not the same, unless covered by critical illness insurance.
How wrap insurance against serious diseases?
Critical illness insurance can be packaged and sold in many forms. It can be offered as an individual policy offered through an employer-paid, Critical Illness Life Insurance in addition to a new or existing policy health insurance, or to complement a new or existing program of life or disability insurance policy.
Critical illness insurance can also be given in the categories of coverage and claims can be made in more than one category. The most important categories are common diseases, such as cancer-related conditions or heart related problems. Critical Illness Life Insurance A customer can buy a policy that covers a single State, or of a broader policy that includes several categories.
The bottom line? It's time! Provide insurance Critical Illness Life Insurance against serious diseases before the crisis.
Nobody likes to live in his own mortality, but they love to dream about Critical Illness Life Insurance the future - a future of peace, tranquility and happiness. Dreams can be crushed by the crisis of serious illness, either short or long term, financial protection is in place. One way to make dreams is to invest in income protection policies. Critical illness insurance is a policy that covers the shortcomings of many other policies leave open. These policies are easy to use and are for all types of people. Begin to provide insurance against serious diseases today and secure financial future for its customers and help their own Critical Illness Life Insurance.
Its very good and informative post. I like this very much. You have explained well about critical illness insurance.
ReplyDelete