Rhode Island
Critical Illness Insurance
The
purpose of purchasing life insurance is
to ensure that your loved ones are
provided for in the event of their
premature death. Most people in
Rhode Island, and across the USA, fail to
think of what might happen if you are
struck down by a critical illness.
Most
Rhode Island citizens don't want to think
about
the
chances of being affected by a serious
disease. However, the sad fact is
the chance of falling ill to one of
these dreadful diseases are depressingly
high and the effect on a whole family
can be very severe, financially as well
as emotionally.
Many
Rhode Island residents survive for some years
after suffering a heart attack or
stroke, or after the onset of cancer or
other serious illness. The costs of
managing a long period of illness, often
combined with the loss of income owing
to inability to work, can put a family
in severe financial distress.
If you
have
Critical Illness Insurance then you
pay a monthly premium and in the event
that you are diagnosed with a serious
disease covered by the policy, you are
paid a one-off tax free lump sum.
You
might also want to consider this.
Because medicine is progressing all the
time and treatments becoming more
effective, the chances of your surviving
longer with a serious illness are
improving all the time. This means that
better medical treatment actually makes
it more likely that you will be able to
benefit from critical illness insurance
coverage, and it is perhaps something
nowadays you should see as being as
important as life insurance. |