Dealing with a Health Crisis? What You Need to Know About Insurance!

I know you’ve heard the stories. The family breadwinner gets diagnosed with cancer, or another debilitating disease, and suddenly, no one knows what to do, or how to handle it. How long will it take to heal? How will the bills get paid? What is treatment going to cost? Will I be able to work during this?

It’s absolutely terrifying. And completely unpredictable.

Luckily, there are some things we can put in place ahead of time to help give you peace of mind in case you or a loved one is diagnosed with a debilitating injury or illness. Let’s talk about them.

Health Insurance: Your First Line of Defense

The right kind of health insurance can shield you from extensive medical bills. It covers doctor’s visits, hospital stays, prescription medications, and more. With health insurance, you can have less worry about the cost of treatment.

Critical Illness Insurance: An Extra Cushion

Critical illness insurance can provide a lump sum payment upon diagnosis, and you can use this money as you see fit. It can cover what health insurance may not, for example home modifications, or simply ease your financial worries during this challenging time.

Disability Insurance: Replacing Your Income to Keep You Afloat

If your health crisis leads to a disability that prevents you from working, disability insurance can be a lifesaver. It provides a portion of your income to help you pay your bills and maintain your quality of life during your recovery.

Life Insurance with Living Benefits: Your Financial Backup Plan

Certain life insurance policies come with living benefits, which allow you to access a portion of your death benefit if you’re diagnosed with a critical, chronic or terminal illness. It’s like having a financial backup plan that you can turn to when you need it most.

We can’t control the challenges we’ll face, but we can certainly be prepared. Before these challenges strike. consider your insurance needs for times of a health crisis, so you’ll have peace of mind in knowing you and your family are covered. Stay healthy, stay protected, and stay positive! 😊🌈