CRITICAL ILLNESS INSURANCE
Top Reasons You Need Critical
Illness Insurance
Nov. 20, 2017
If you have been on the fence about purchasing critical illness insurance , you may be wondering if it's worthwhile to have. After all, some people who are thinking about buying this type of coverage are young and relatively healthy; being diagnosed with a critical health condition or illness probably seems like a very remote possibility.
Of course, nobody wants to find out they need critical illness insurance after it's too late to obtain coverage; waiting until after a diagnosis or serious health event is too long. Here are the top four reasons you should talk to your insurance professional about buying coverage now:
Financial Strain from Lost Wages
Having a sudden heart attack or stroke, receiving a cancer diagnosis, or learning you have another critical illness can be physically and emotionally draining. Unfortunately, being unable to work because of a critical illness or health condition brings financial consequences too. You may find yourself struggling to figure out how to make ends meet.
While your world is turned upside down, things like the mortgage payment and other regular monthly bills still need to be paid. Critical illness insurance provides a lump sum of cash benefits you can use to help make ends meet and ensure your family's lives won't be further disrupted by your illness than they already are.
Payment for Medical Bills
Medical bills are the number one reason people in the U.S. declare bankruptcy, and they can be a significant stressor. Even if you have a great health insurance policy, you may still have to meet a policy deductible before your insurance coverage will kick in. Even then, you may need to make co-insurance payments until you reach your annual out-of-pocket maximum amount. Critical illness insurance benefits can be used to pay these medical bills, easing the burden on you and your family.
You can also use critical illness policy benefits to pay for health care services your regular health insurance simply does not cover, such as experimental treatments or treatments provided in another country
The Future is Unknown
Finally, the biggest reason for purchasing critical illness insurance now is simply that we don't know what the future has in store for us. Every year, thousands of people receive cancer diagnoses or learn they have other serious medical conditions seemingly out of the blue. There is a lot that still is not known about critical illnesses. If you buy coverage now and continue making premium payments, you can have the peace of mind that comes from knowing you will have coverage in the future.
Find Critical Illness Insurance to Meet Your Budget
As with any other type of insurance product, when you buy critical illness coverage, you hope you will never have to use it. However, if a critical illness or sudden covered health event occurs, you will have the financial protection you need so you can focus on recovering - not on where the next mortgage payment is going to come from.
How Symmetry Financial Group Can Help
At Symmetry Financial Group, we understand everyone's appetite for risk is different. Similarly, one person’s budget for insurance products may look very different from another person’s. Rather than simply trying to sell insurance products, we take a client-centric approach to covering risks. We work closely with each family to understand their risk tolerance, goals and needs.
Then, we can reach out to our network of more than 30 well-known and respected insurance company partners to find coverage options designed to meet your specific needs, without breaking the bank. There are a variety of critical illness insurance policies available on the market, each with its own specific nuances. Every policy is a little bit different. When you work with Symmetry Financial Group, we will help you understand what various policies do or do not cover, so you can make an informed decision.
To learn more about what sets Symmetry Financial Group apart, contact us or call (205) 846-0611 to learn more and to speak to one of our friendly, knowledgeable insurance agents.
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When I Have a Critical
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CRITICAL ILLNESS INSURANCE
Top Reasons You Need Critical Illness Insurance
Nov. 20, 2017
If you have been on the fence about purchasing critical illness insurance , you may be wondering if it's worthwhile to have. After all, some people who are thinking about buying this type of coverage are young and relatively healthy; being diagnosed with a critical health condition or illness probably seems like a very remote possibility.
Of course, nobody wants to find out they need critical illness insurance after it's too late to obtain coverage; waiting until after a diagnosis or serious health event is too long. Here are the top four reasons you should talk to your insurance professional about buying coverage now:
Financial Strain from Lost Wages
Having a sudden heart attack or stroke, receiving a cancer diagnosis, or learning you have another critical illness can be physically and emotionally draining. Unfortunately, being unable to work because of a critical illness or health condition brings financial consequences too. You may find yourself struggling to figure out how to make ends meet.
While your world is turned upside down, things like the mortgage payment and other regular monthly bills still need to be paid. Critical illness insurance provides a lump sum of cash benefits you can use to help make ends meet and ensure your family's lives won't be further disrupted by your illness than they already are.
Payment for Medical Bills
Medical bills are the number one reason people in the U.S. declare bankruptcy, and they can be a significant stressor. Even if you have a great health insurance policy, you may still have to meet a policy deductible before your insurance coverage will kick in. Even then, you may need to make co-insurance payments until you reach your annual out-of-pocket maximum amount. Critical illness insurance benefits can be used to pay these medical bills, easing the burden on you and your family.
You can also use critical illness policy benefits to pay for health care services your regular health insurance simply does not cover, such as experimental treatments or treatments provided in another country.
The Future is Unknown
Finally, the biggest reason for purchasing critical illness insurance now is simply that we don't know what the future has in store for us. Every year, thousands of people receive cancer diagnoses or learn they have other serious medical conditions seemingly out of the blue. There is a lot that still is not known about critical illnesses. If you buy coverage now and continue making premium payments, you can have the peace of mind that comes from knowing you will have coverage in the future.
Find Critical Illness Insurance to Meet Your Budget
As with any other type of insurance product, when you buy critical illness coverage, you hope you will never have to use it. However, if a critical illness or sudden covered health event occurs, you will have the financial protection you need so you can focus on recovering - not on where the next mortgage payment is going to come from.
How Symmetry Financial Group Can Help
At Symmetry Financial Group, we understand everyone's appetite for risk is different. Similarly, one person’s budget for insurance products may look very different from another person’s. Rather than simply trying to sell insurance products, we take a client-centric approach to covering risks. We work closely with each family to understand their risk tolerance, goals and needs.
Then, we can reach out to our network of more than 30 well-known and respected insurance company partners to find coverage options designed to meet your specific needs, without breaking the bank. There are a variety of critical illness insurance policies available on the market, each with its own specific nuances. Every policy is a little bit different. When you work with Symmetry Financial Group, we will help you understand what various policies do or do not cover, so you can make an informed decision.
To learn more about what sets Symmetry Financial Group apart, contact us or call (828) 481-8796 to learn more and to speak to one of our friendly, knowledgeable insurance agents.
Related Posts
CRITICAL ILLNESS INSURANCE
What is Critical Care
Insurance?
CRITICAL ILLNESS INSURANCE
What’s the Difference Between
Disability and Critical
Illness Insurance?
CRITICAL ILLNESS INSURANCE
Can I Get Insurance When
I Have a Critical Illness?
Latest Posts
LIFE AT SYMMETRY
Attracting Talent — How
To Diversify and Grow
Your Workforce
LIFE AT SYMMETRY
Benefits of Remote
Work as a Life Insurance
Agent
SYMMETRY IN THE NEWS
Symmetry Financial
Group Promotes 12 New
Agency Owners in One
Month
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“Quility” is a brand name used by the Quility family of companies. All insurance offers, solicitations, and recommendations made via this website are being made by Quility’s licensed affiliated insurance producers, Symmetry Financial Group, LLC (d/b/a Symmetry Insurance Services in California) and Jerry Choate. No offers, solicitations or recommendations are being made via this website in any state where one of those named Quility licensees does not have a license. Please see our License Page for a list of all of Symmetry Financial Group, LLC’s (d/b/a Symmetry Insurance Services in California) and Stephen J. Brenes’s license numbers in each state.
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Learn more about Symmetry Financial Group’s Debt Free Life program, which
can help you get out of debt in nine
years or less without spending any additional money.
Jerry Choate
Copyright © 2024 Symmetry Financial Group. All Rights Reserved. | Privacy | Site Map
“Quility” is a brand name used by the Quility family of companies. All insurance offers, solicitations, and recommendations made via this website are being made by Quility’s licensed affiliated insurance producers, Symmetry Financial Group, LLC (d/b/a Symmetry Insurance Services in California) and Jerry Choate. No offers, solicitations or recommendations are being made via this website in License Page for a list of all of Symmetry Financial Group, LLC’s (d/b/a Symmetry Insurance Services in California) and Jerry Choate’s license numbers in each state.
No agent’s success, earnings, or production results should be viewed as typical, average, or expected. Not all agents achieve the same or similar results, and no particular results are guaranteed. Your level of success will be determined by several factors, including the amount of work you put in, your ability to successfully follow and implement our training and sales system and engage with our lead system, and the insurance needs of the customers in the geographic areas in which you choose to work.
custom_values.agent_bio=Mr. Choate has more than 30 years of experience in corporate finance and insurance as a business founder, investment banker, insurance agency owner and agent, and strategic advisor for various public and private companies, individuals, families, and small business owners. He serves as an Agency Owner at The Choate Agency, a national insurance agency specializing in specialized solutions for mortgage protection, retirement income solutions, and various other niches including Debt Free Life. He also served as founder of Think Capital Advisors, a privately held specialty, global advisory firm that combines growth strategy and corporate finance to drive shareholder value. During his tenure, Think Capital Advisors successfully assisted early-stage companies to profitability and participated in over $1 billion of corporate finance advisory. Mr. Choate also served as Managing Director at MidSouth Capital, a boutique investment banking firm. One of his clients at MidSouth eventually sold to GE Healthcare for $587 million. Jerry’s Partners have put in 10s of billions of protections for their clients, from mortgage protection, final expense, and other niches including Debt Free Life.
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