A critical illness insurance plan pays you a lump sum if you develop a covered illness. This may include diseases like cancer, heart attacks, strokes, renal failure, or paralysis, depending on how the coverage is written. At Executive Planning Group, P.A., we offer critical illness insurance to groups and individuals to help you prepare for health emergencies.
Critical illness insurance provides a financial safety net against life-threatening illnesses. According to the CDC, chronic diseases are the leading causes of death and disability in the US. They are responsible for $4.1 trillion in annual health care costs. Up to 60% of Americans will deal with a chronic disease, with many having more than one.* Along with lifestyle changes, purchasing critical illness insurance is the best way to safeguard loved ones against unexpected chronic illness.
*Per the CDC: https://www.cdc.gov/chronicdisease/resources/infographic/chronic-diseases.htm
Executive Planning Group offers individual and company plans. With the market for this coverage growing exponentially, it’s also an attractive benefit for employers looking to attract long-term talent.
The Importance of Critical Illness Insurance
Fortunately, medical advances have greatly improved the outlook of many critical illnesses. Planning ahead enables you to focus on getting strong and healthy as you recover.
Here are some of the ways you can use your critical illness insurance to treat your condition or pay for daily expenses:
- Out-of-pocket costs for medical care and alternative therapies
- Transportation expenses for accessing specialized care
- Home loan payments while recovering from illness
- Daily living costs such as food, utilities, and childcare
- Debts such as car loans and credit card bills
- Income replacement for a spouse who takes time off to provide care
- Financial security for your family in case of death or disability
- Peace of mind during times of a health crisis
- Flexibility to use the benefit for any purpose
Call Executive Planning Group at 601-982-3000 or fill out our contact form to discuss individual or group critical illness insurance in Mississippi.
Disclosure: Securities offered through Valmark Securities, Inc. Member FINRA, SIPC. Investment advisory services offered through Valmark Advisers, Inc. an SEC-registered investment advisor. Executive Planning Group is a separate entity from Valmark Securities, Inc. and Valmark Advisers, Inc. The material contained in the herein is for informational purpose only and is not intended to provide specific advice or recommendations for any individual, nor does it take into account the particular investment objectives, financial situation or needs of individual investors.