What most American Financial Professionals don’t know about Critical Illness –

but shouldwww.ltcipartners.com

You need Critical Illness insurance

not because you are going to die,

but because you are going to survive.

Dr. Marius Barnard

It was invented by the first heart transplant surgeon

Millions of policies have been sold in the United Kingdom, Canada, Japan and Europe

But new business premium in the U.S has been climbing as well!

(Source: LIMRA)

• 75% of people who suffer a heart attack survive at least three years

• About 6.8 million Americans over age 20 had a stroke

• 70% of people who suffer a stroke survive at least three years

• In 2013, 1.66 million Americans were expected to be diagnosed with cancer

Benefit pays a lump sum on the first diagnosis of a covered condition – the most common of which are:

• Cancer

• Heart Attack• Stroke

The probability of policyholders claiming is

relatively high

Benefits are available up to $500,000 per CI Occurrence

Underwriting can be

• Simplified (usually less than $50,000 of coverage OR

• Fully Medical Underwritten – big premium savings

Long-term care benefits• Some plans will pay for loss of independent living –

failing 2 of 6 Activities of daily living . Unlike some other benefits, the loss of ADL benefit has no upper age limit

• Some plans include coverage for advanced Alzheimer’s care

You can choose the coverage period

• You can choose to have coverage for set period of time (10, 15, 20 years) or have a plan that lasts a lifetime

Why to people buy it?• To pay additional medical

bills not covered by health insurance

• To replace income for a spouse who may take family medical leave

• Allow for out – of – network or experimental care charges and drugs

• For vacation or replace income

Important for business owners• It is five times more likely for a 40 year old male to be

diagnosed with a critical illness than an untimely death prior to age 65

• Can be used as a trigger to fund a buy-sell agreement

• Can allow for income so that the owner can focus on health recovery and the business can continue to pay salary with proceeds from CI policy

What if a heart attack, cancer or stroke happened to your

client? Would they have liked to have been aware of Critical

Illness coverage?

www.ltcipartners.com