With today's amazing medical advances, the chance that you will survive a very serious or life altering illness is now not only possible, but probable. Keeping this in mind, an important, yet often overlooked, part of every financial plan is the consideration of a family's financial survival and recovery when faced with a potentially life threatening illness. Critical Illness insurance is available to anyone under the age of 65 who has no history of serious illness. It provides a substantial lump sum tax free benefit upon the diagnosis of a heart attack, cancer, stroke, or one of several other conditions. This benefit is paid out 30 days after diagnosis and in the event that death occurs before the 30 day waiting period is satisfied, the premiums that have been paid into the policy are refunded to the estate.
Benefits range from $25,000 to $2,000,000
What is Critical Illness Insurance?
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Critical Illness Printable Brochure
Insurance products and services are offered through Arca Financial Group Inc.
The staff and principals of Arca are very thoughtful people, and we appreciate their efforts for doing those little extra things that go above and beyond our expectations. They are committed to our financial well being, and have shown genuine concern for our financial future. As we transitioned into retirement, going from a steady income to not being certain of the future cash flow, the NaviPlanTM became a very important tool. We were able to lay out our financial assets in the different categories, and then assessed the changes made in our portfolio. The unique insurance solutions have also provided us with a way of saving tax dollars, as well as providing for the future of our family and our estate needs.