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What is Critical Illness Policy?

February 3, 2020


I wouldn’t live comfortably without any
of it! I wouldn’t drive my car if I didn’t have car insurance; I wouldn’t go
and like skydive if I didn’t have health insurance. H,i my name is Taayla Mark with an
Engrace Financial Solutions. Thank you so much for joining us! We are doing Street
Smarts with Taayla. Today we are going to talk about critical illness and if you
find the video workable and useful to you do put a thumbs-up on it, subscribe
because we’re going to continue doing it on a monthly basis so thank you and
let’s get going Critical illness insurance is a cancer
policy. Yes, it does cover 25 other serious illnesses such as heart attack,
stroke, parkinson’s, MS, and so many more but when two of three claims are about
cancer it’s a cancer policy. How it works is that when you’re diagnosed with one
of the qualified illnesses such as cancer, heart attack or stroke, there usually is
a waiting period anywhere from 30 to 90 days. When that passed you will then get
a check for the lump sum of the benefit that you originally got. So, the reason
for the money is to really answer the question WHAT WILL I DO WHEN I GET SICK
AND I CAN’T WORK? You get to decide what you want to do
with the money; you could use it to pay some bills, you could explore alternative
medical procedures, hire someone to help you at home or you know, take a nice long
vacation whatever it is the point is that now you have some choices. Your
critical illness policy is not an investment. It’s an insurance,
it’s your protection against loss of income. The best time to buy critical
illness insurance is now while you are healthy and you can qualify for the best
coverage. You would not buy home insurance while the house is on fire so
why would you wait until you are not so well, not so healthy to get critical
illness? Got to plan for the worst but expect the best. Thank you so much for
joining me for this video! If you have any comments or thoughts please share
with me. I’d love to interact with you and please subscribe because we’re going
to keep doing these videos on a monthly basis and I want to see you again. Engrace Financial Solutions, Financial Success Made Simple. Oh don’t forget to
like me and to subscribe. To like me! Stop saying you like me. Everybody
likes me but not always okay got it so start again

2 Comments

  • Reply 604Jimmy May 31, 2019 at 3:22 pm

    Wouldn't short term disability cover this as well? If I get CI would I be double insured?

  • Reply Chesca Sarmiento November 4, 2019 at 1:32 am

    i love how simple you make it sound! do you think young people, like me— i'm 32. i have epilepsy, i live in the philippines. unfortunately, most insurances don't cover neuro conditions ๐Ÿ™ do you think i still should invest in insurances like this? i make average income, and i still live with my mom.

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