Important Health Statistics to Consider
Why Do I Need Critical Illness Insurance?
While advances in medical science have significantly improved your chances of surviving a heart attack, cancer, stroke or other critical illness, the fact remains that 75% of healthy individuals over age 40 will become critically ill at some time in the future.
On the one hand, consider these statistics:
- Every 29 seconds, an American will suffer a coronary event.
- On average, an American suffers a stroke every 40 seconds.
- Men have a one-in-two lifetime risk of developing some form of cancer. For women, the risk is one in three.
- 50 percent of men and 64 percent of women who died suddenly of coronary heart disease had no previous symptoms of this disease.
There is also good news:
- For those suffering a critical illness prior to age 65, the probability of surviving is almost twice that of dying.
- 12.4 million people alive today have a history of heart attack, angina pectoris (chest pains) or both.
- 4.5 million stroke survivors are alive today.
- 10.8 million people alive today have a history of cancer.
- 50 to 70 percent of stroke survivors regain functional independence.
- 88 percent of heart attack victims under the age of 65 are able to return to their usual work.
Sources: 2013 Heart and Stroke Statistical Update, American Heart Association; 2013 Cancer Facts and Figures, American Cancer Society.
Achieve Greater Financial Security and Peace of Mind
Recovery from a critical illness, however, often is lengthy and expensive – often involving the loss of personal wages and an ability to pay for care and treatment. Many critical illness survivors experience financial hardship because of the indirect costs associated with their illnesses. If you suffer a critical illness, would you be able to handle the extra expenses associated with your recovery?
Traditional health insurance may not provide the coverage you need to survive a critical illness and lead a normal life. In fact, the American Cancer Society estimates that 66 percent of the cost of cancer treatment is not covered by traditional health insurance. Expenses that generally are not covered include:
- Out-of-network medical treatment
- Experimental treatment
- Home and/or automobile modifications (e.g., wheelchair ramps)
- Insurance co-payments and deductibles
- Home health care
- Uncovered or additional prescription drugs
- Travel to receive special treatment
- Second medical opinions
Fill a Void in Your Financial Protection Plan
Health, disability, life and accident insurance all offer important coverage for different situations. Critical Illness Insurance, however, helps fill an important gap:
- Health insurance pays a portion of medical bills after deductibles and co-payments.
- Disability insurance pays a portion of income after a three- or six-month waiting period or the deductible period of the plan.
- Life insurance pays a beneficiary upon the insured's death.
- Accident insurance pays a beneficiary upon the insured's death when such death is due to accidental bodily injury.
- Critical Illness Insurance helps to fill the financial gaps not covered by traditional disability, accident, health, and life insurance.
Critical Illness Insurance can help you secure your family’s financial future.
Get More Information or contact our Client Relationship Center at 1.866.832.7719 to learn more.
Critical Illness Insurance is issued by The Western and Southern Life Insurance Company, Cincinnati, Ohio.
Critical Illness Insurance does not replace the need for health insurance.
THIS IS A LIMITED BENEFIT HEALTH INSURANCE POLICY. IT CONTAINS EXCLUSIONS, LIMITATIONS, REDUCTION OF BENEFITS AND TERMS FOR KEEPING THEM IN FORCE. PRODUCT AVAILABILITY, BENEFITS, COVERAGE, EXCLUSIONS AND LIMITATIONS MAY VARY BY STATE.
Policy series numbers 0907-80, 0907-80-U
Rider series 0107-85