Critical Illness Insurance Coverage

Posted on April 28, 2014 by Dr. David Edward Marcinko MBA MEd CMP™

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Financially Coping with Illness

[By Staff Reporters]

From 2015 to 2020, medical expenses are expected to outpace inflation at an annual rate of 5.3 percent versus 2.1 percent for general inflation, according to the Department of Labor [DOC]. As a result, most Americans will be unprepared financially to cope with an illness without significant savings.

So now, Prudential Group Insurance is offering critical illness insurance through employers.

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doctors

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For about $200 to $250 per year or $8 to $10 a month, employees who fall ill with cancer, kidney failure, stroke, heart attack, coronary artery disease and other serious illnesses, can receive a lump-sum payment upon documented diagnoses.

Assessment

Although Prudential does not offer the product to individuals, insurers, such as Mutual of Omaha, do.

Link: http://www.criticalinsurance.com/

Conclusion

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