I am writing this note to make you aware of a possible solution to your financial well being. It has always been my main interest to protect against auto accident lawsuits, different forms of liability as well as physical damage to property. One of my concerns has been the ability of my clients to remain financially solvent.
Most everyone carries health insurance in some form to pay hospital and doctors for their services. Most everyone has some form of life insurance that pays an amount to loved ones should we die early. We also purchase life insurance, normally term, to cover mortgages, car loans, and other debts that we incur as part of life.
When I began my career in insurance in 1975, life insurance rates were 25 to 30 percent higher than they are today. Advancement in detection, treatment and education has allowed many to survive situations that would have been terminal in 1975. That is the problem. Today, life insurance will not pay benefits when people really need it the most, even with what are known as accelerated death benefit riders.
If a person is fortunate to carry disability insurance, normally the waiting period before benefits actually begin can be financially devastating. When they do begin, it’s usually a fraction of their former income. Many of my clients can’t even qualify for disability insurance simply because of their occupations! Should a spouse or child be diagnosed with a critical illness, it can leave a big hole in the family’s finances. Government benefits are slow or nonexistent.
My brother went through a medical crisis and you probably know someone that has been too. There is a product that now that addresses this need. It didn’t exist in 1975. It’s called Critical Illness Insurance. Payable to you in a lump sum, it was developed by a surgeon not an insurance company. Should you be interested in learning more details, please write or call me for a confidential discussion.
Tom
417-882-1800
troemisch@resourcecenterinc.com
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