Critical Illness or Long-Term Care?

Critical Illness or Long-Term Care?

Should you recommend your clients get critical illness insurance? In many ways, it’s an emotional, rather than financial, decision.

Should you suggest that your clients obtain critical illness insurance or long-term care coverage for their old age? A lot depends on the client’s health and financial needs.

Critical illness insurance is often viewed as a supplementary product, and sales are small. The coverage pays a tax-free, lump-sum cash benefit upon diagnosis of a covered critical illness, such as cancer, heart attack, stroke, kidney failure or a major organ transplant.

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TAGS: Insurance
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