Critical Illness Insurance

Critical Illness Insurance is designed to ease the financial pressure by providing a lump sum cash benefit paid directly to you upon diagnosis of a covered illness to help you cope with the high cost of recovering from a critical illness crisis. The plan will provide up to $50,000 to help cover out-of-pocket medical expenses and the other costs associated with a covered critical illness.

Thanks to medical advances, more and more Americans are surviving critical illness crises such as cancer, strokes, heart attacks and kidney failure. We all realize that many individuals who have been diagnosed with what at one time were considered fatal illnesses are now overcoming the odds and surviving.

Unfortunately, it places a tremendous emotional strain on the family and many times accompanied by an overwhelming financial burden. Your financial security is most threatened when you are told by a physician that you have suffered a heart attack or stroke or that the tissue taken during a biopsy is, in fact malignant.

Critical Illness Insurance is designed to ease the financial pressure by providing a lump sum cash benefit paid directly to you upon the diagnosis of a covered illness

What are the benefits of Critical Illness?

Philadelphia American Life provides a variety of Critical Illness options to help protect your financial resources.

To help offset the high expenses associated with a serious illness, our Critical Illness Insurance provides an immediate lump-sum cash benefit of up to $50,000 upon diagnosis of a covered illness. Benefits are paid for Internal Cancer, Heart Attack, Stroke, End Stage Renal Failure, Major Organ Transplant, Coronary Artery Bypass and Angioplasty. Our critical illness policy provides a unique coverage to allow benefits for 2 different kinds of certain critical illness (such as cancer and stroke) as long as they are separated by more than 90 days.

But financially they take a toll on the individual and their family.

Many people are “high risk” for cancer and heart disease due to family history alone. This insurance policy could relive a huge burden lingering in their minds. You can offer them an affordable solution

Critical illness insurance is a safety net to pay for the individual and/or family’s expenses while they are going through these challenges of life. Funds can be put to pay on or pay off the mortgage when critically ill.

Statistics are: 1 in 4 men and 1 in 5 women are likely to suffer a critical illness before retirement.

A critical illness insurance policy ensures upon diagnosis of cancer or after having had a heart attack or a stroke, a lump sum payment is made to the insured.

This can be a big relief in a time when life seems to be most difficult.