Fifteen years ago when my father-in-law had heart bypass surgery, I should have realized I was looking into a crystal ball. As my husband and I paced the waiting room, waited for the surgery to be over and then entered the cardiac intensive care unit afterward, the thought crossed my mind briefly that this was my future.
Fast forward to last week. My oldest daughter called to tell me her father, now my former husband was scheduled for heart bypass surgery. Off to the hospital and to the intensive care unit again. As I sat looking at him laying there, I realized I was glad I have a critical illness insurance policy, but I know he doesn’t. His mantra was always, “I’ll worry about it when the time comes.” Well the time came, and he wasn’t prepared. My family is fortunate, my children have their dad and he’ll be healthy again on the other side, albeit he will have some hefty hospital bills to pay.
When he had his heart attack he had plenty of universal life and term life insurance, but like many people he hadn’t been convinced that he needed something like critical illness insurance. The idea of another insurance coverage, just incase something happened seemed like betting on having a heart attack. Well, the heart attack happened.
The cost of the anesthesia, the bypass surgery, two days in intensive care, and successive stay; along with the preceding days and ambulance ride all add up to quite a sum in co-pays and deductibles. A critical illness policy would have paid that and more, depending on benefit amounts and coverage options.
Critical illness insurance policies pay on diagnosis, so the benefits are available when you need them. The funds come directly to you, so you can either pay your medical bills, your mortgage or other bills, or pay to have someone help you with your care. If you don’t need the funds to pay bills or for your care, you can use them for whatever you decide on.
If you have the same idea about critical illness coverage, don’t wait, call an AC Financial Adviser at 800-574-3136 and get covered.