Top 10 Reasons NOT To Buy Critical Illness Insurance
The Top 10 Reasons NOT to Buy Critical Illness Insurance
(drum roll please!)
If I am diagnosed with a critical illness…
10. My spouse can go to work or I can get a second job to replace the income. It’s easy to get a job these days.
9. My children can help by getting a paper route, working at a fast food restaurant or both.
8. My mortgage holder or landlord will understand that I can’t pay and they’ll let us reside free until I can work again. No matter what, I will be able to work again.
7. My county will understand if I don’t pay property taxes.
6. Even if my car is repossessed, I can walk to wherever I need to go. Or, better yet, my neighbours and friends can taxi me around.
5. Doctors take an oath to care for people, so they won’t mind if I can’t pay them.
4. I pay taxes, so it’s easy to qualify for government disability payments.
3. I can live off my savings. Doesn’t everyone have a year or more income stashed away?
2. I have disability insurance at work and I’m sure it doesn’t need supplementing. And since I’ll always work there and they’ll always offer disability insurance, what’s to worry about?
1. I am 100% certain I will never have a heart attack, stroke, cancer, kidney failure or need an organ transplant.
Although this Top 10 List is somewhat exaggerated, it drives home the point.
You need critical illness insurance not because you are going to die – but because you might live.
Look at the statistics…
* Every 26 seconds, someone in Canada is diagnosed with cancer.
* Every 29 seconds, someone in Canada suffers a coronary event.
* Every 53 seconds, someone suffers a stroke.
If these statistics are not reason enough for you to consider a critical illness policy, try “50% of home foreclosures are the result of homeowners suffering from critical illness.”
Advanced medical technology can increase your life expectancy – but it cannot pay your bills.
With Critical Illness insurance you will receive a lump sum benefit in the event of suffering a serious medical condition – and surviving.
With this money, you can focus on getting well without worrying about your financial security. The money can be spent for whatever your special needs are at the time.
It’s that simple!
